Discussions

JD.COM INC CEDEAR EACH 4 REPR 1 ADR forum

Nov 27

US Market Review: Diverging Performances in Tech and Chinese ADRs
Alibaba : Consolidation Continues
Alibaba closed at $85.18, down 0.47%. The stock remains within the $80–$90 range, reflecting ongoing consolidation. Short-term performance hinges on progress in its Southeast Asia expansion. Should it break above $90, a further rally toward $95 becomes likely.
JD.com : Strong Support at $35
JD gained 2.38%, closing at $35.33. The stock is stabilizing above $35, signaling reduced downward pressure. If this level holds, the next target is $38, supported by improving market sentiment and stronger fundamentals.
Pinduoduo : Testing Key Support Levels
Pinduoduo dipped 1.37% to $99.31, breaking below the $100 psychological support. Immediate focus shifts to $95, a critical level that could stabilize the stock. Positive updates in its e-commerce performance could pave the way for a recovery toward $110.
Baidu : Positive Momentum with AI Catalysts
Baidu rose 1.02%, finishing at $83.51. Its ongoing advances in autonomous driving and AI-related initiatives are bolstering investor confidence. Short-term resistance is at $85, with a potential move toward $90 if sentiment remains positive.
Nvidia : Gradual Climb Toward Resistance
Nvidia edged up 0.66% to close at $136.92. Its leadership in the AI chip market underpins current valuations. Traders are eyeing $145 as the next breakout level. In the short term, $132 serves as robust support amid a generally positive outlook for tech.
Tesla : Poised for Further Gains
Tesla slipped 0.11%, ending at $338.23. Recent initiatives, including new incentive programs and software updates, have fueled optimism. The $325 level remains a strong support. Should it breach $340, the stock may target $350 or higher, supported by sustained market interest.

Conclusion
The divergence between tech giants and Chinese ADRs was apparent in today’s session. While Tesla and Nvidia showed steady growth, Alibaba and Pinduoduo faced challenges at key technical levels. Monitoring market developments, particularly in AI and Southeast Asia expansion, will be crucial. As volatility increases, traders are advised to remain agile and adapt strategies accordingly.

Oct 16

JD.com: Promising Growth Ahead with Trade-In Program Boost. UOB Kay Hian maintains a “BUY” recommendation on JD.com, with an increased target price of HK$197.00, implying a 12x 2025F PE multiple. JD.com is currently trading at 10.7x 2025F PE, which is 1 standard deviation below its historical mean. The broker remains optimistic about JD’s growth potential, particularly in Q3 2024, due to the strong performance of the trade-in program and its focus on user growth.