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JD Logistics, Inc. ( (HK:2618) ) has shared an update.
JD Logistics, Inc. announced amendments to its Procurement Framework Agreement with JD.com, reflecting increased demand from JD Group and its associates. The company has revised its annual caps significantly for the years 2025 and 2026, indicating a strategic move to accommodate the growing procurement needs. These changes, while subject to reporting and review requirements, do not require independent shareholders’ approval, suggesting a streamlined process for implementation. This development underscores JD Logistics’ proactive approach to scaling its operations and enhancing its market positioning in the logistics sector.
The most recent analyst rating on (HK:2618) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
More about JD Logistics, Inc.
JD Logistics, Inc. is a logistics company incorporated in the Cayman Islands, primarily engaged in providing logistics equipment, vehicles, electronic equipment, office equipment, and various services such as insurance, healthcare, installation, and maintenance. The company operates within the logistics industry, focusing on procurement and supply chain solutions.
Average Trading Volume: 15,664,080
Technical Sentiment Signal: Sell
Current Market Cap: HK$84.32B
For a thorough assessment of 2618 stock, go to TipRanks’ Stock Analysis page.