$JEPQ (+1,59 %)
$NOVO B (+1,43 %)
$TROW (+2,56 %)
$JD (-3,8 %)
$DNG (+0,96 %)
$CAT (+1,89 %)
Upcoming purchases : $REP (+2,32 %)
$MC (+0 %)
$PLD (+1,19 %)
Opinion, thank you.#dividends
#portfoliofeedback
Postes
59$JEPQ (+1,59 %)
$NOVO B (+1,43 %)
$TROW (+2,56 %)
$JD (-3,8 %)
$DNG (+0,96 %)
$CAT (+1,89 %)
Upcoming purchases : $REP (+2,32 %)
$MC (+0 %)
$PLD (+1,19 %)
Opinion, thank you.#dividends
#portfoliofeedback
🔹 Adj. EBITDA: ¥12.5B (Est. ¥11.17B) 🟢
🔹 Revenue: ¥346.99B (Est. ¥332.38B) 🟢; +13.4% YoY
Q4 Performance:
🔹 Operating Income: ¥8.5B (vs. ¥2.0B YoY) 🟢
🔹 Operating Margin: 2.4% (vs. 0.7% YoY)
🔹 Adj. Operating Income: ¥10.5B (vs. ¥7.8B YoY) ;
🔹 Adj. Operating Margin: 3.0%
🔹 Net Income: ¥9.9B (vs. ¥3.4B YoY)
🔹 Adj. Net Income: ¥11.3B (vs. ¥8.4B YoY)
🔹 Diluted EPS: ¥6.47 (vs. ¥2.13 YoY)
🔹 Adj. Diluted EPS: ¥7.42 (vs. ¥5.30 YoY)
Segment Breakdown:
🔹 JD Retail Revenue: ¥307.06B (+14.7% YoY)
🔹 JD Logistics Revenue: ¥52.10B (+10.4% YoY)
🔹 New Businesses Revenue: ¥4.68B (-31.0% YoY)
Strategic & Shareholder Updates:
🔹 Annual Cash Dividend: $1.0 per ADS (~$1.5B total payout)
🔹 $5.0B Share Repurchase Program in place until August 2027
🔹 Completed $3.6B in repurchases in 2024 (~8.1% of shares outstanding)
Management Commentary:
🔸 "We closed 2024 with double-digit revenue growth and expanding profitability across key metrics. Our PLUS membership upgrades and supply chain optimizations are strengthening JD's market position." – Sandy Xu, CEO
🔸 "With a strong financial position, we are enhancing shareholder returns via dividends and buybacks while maintaining operational efficiency." – Ian Su Shan, CFO
Hi Community,
I myself own shares in$1211 (-1,08 %) BYD $700 (-0,81 %) Tencent $1810 (+0,73 %) Xiaomi $9868 (+0,73 %) xpeng and $JD (-3,8 %)
All with very good EKP (before the rise)
I would like to get opinions from people with more experience on the current run in the Chinese market.
How do you assess the risk in relation to the political situation?
Therefore, I would be happy to have a lively exchange of views and / or opinions on the above mentioned stocks
Thanks in advance :)
Podcast episode 73 "Buy High. Sell Low."
Subscribe to the podcast to beat cancer.
00:00:00 Donald Trump inauguration
00:15:40 Tempus AI A40EDP $TEM
00:26:00 Groupon $GRPN (+4,9 %)
00:30:20 Palantir $PLTR
00:35:00 Insider Trading
00:40:20 Netflix $NFLX (+4,18 %)
00:59:00 Adobe AI $ADBE (+1,51 %)
01:01:00 Alibaba $BABA (-0,66 %)
$9988 (-0,7 %)
01:07:40 Baidu $BIDU (+1,75 %)
$9888 (+1,73 %)
01:15:15 JD com $9618 (-3,64 %)
$89618
$JD (-3,8 %)
01:16:40 PDD Holdings $PDD (+1,79 %)
01:19:00 Xpeng $9868 (+0,73 %)
$XPEV (+0 %)
01:21:00 Nio, BYD, Xiaomi, Huawei $9866 (+5,54 %)
$NIO (+5,09 %)$1810 (+0,73 %)
$XIACY (+2,6 %)
$81810
01:28:00 Li Auto $AUTO (-25,61 %)
$LI (-1,88 %)
01:35:20 Bitcoin $BTC (-0,66 %)
Spotify
https://open.spotify.com/episode/4xzXvdMeMtWs5fgYoQaNHU?si=3JuxaaqaQ2KM55PHh5IYWg
YouTube
Apple Podcast
Nu est un leader en banque digitale au Brésil et en Amérique latine
1. Nu capte environ 53 % de la population adulte au Brésil.
2. Coût d’acquisition client (CAC) à 7 USD, et coût de service par client environ 85 % inférieur aux banques traditionnelles
Leader mondial des équipements de lithographie, ASML est un incontournable des semi-conducteurs.
1. ASML a le monopole mondial des systèmes (lithographie extrême ultraviolet)
2.ROIC de 31 % et marge d'EBITDA de 51 % supérieurs aux standards du secteur
Acteur majeur des technologies cryogéniques appliquées au transport et au stockage des gaz liquéfiés
1. Marché clé pour la transition énergétique, en croissance de CAGR 27% 2024-2032
2. Marge EBITDA exceptionnelle de 54,9 %
3. Portefeuille de 3 295 brevets actifs
Leader dans la gestion de données dans le cloud
1. Clientèle premium : 542 clients générant plus de 1 M$ et une rétention nette élevée (127 % en Q3 FY2025).
2. Architecture multi-cloud avec des capacités avancées collaboration sécurisée autour de la donnée
Acteur incontournable dans les services logistiques et technologiques pour l'ecommerce
1. Livraison le jour même ou le lendemain à plus de 90 % de la population chinoise grace à son parc logistique
2. Valorisation attractive (PER 11,52x)
Retailer international spécialisé dans la vente de produits lifestyle et design
1. Croissance rapide dans des régions clés comme l’Amérique latine (+18,7 %) et l’Amérique du Nord (+89 % en 2024).
2. Innovation : 940 nouveaux produits introduits chaque mois
Leader européen dans le domaine de la défense et de la mobilité technologique.
1. Visibilité des revenus : carnet de commandes de 38,3 milliards d’euros
2. Diversification entre défense et mobilité civile
Leader Global des Technologies de Sécurité, Santé et Optoélectronique
1. Avantage technologique avec des produits comme CertScan® ou RTT® 110
2, 40% de revenus récurrente via les solutions clés en main et la maintenance
Entreprise spécialisée dans les technologies de forage et de contrôle de pression pour l'industrie pétrolière et gazière
1. Leader du marché aux États-Unis
2. Return on Equity > 30
Entreprise spécialisée dans la fabrication et l'installation de verre pour la construction
1. Leader du secteur aux US ou la construction bénéficiera des politiques de D. Trump
2. Marge d'EBITDA > 25% et croissance à 2 chifres sur les 3 dernières années
$JMIA (+2,5 %) - Company presentation (difficult market/great potential):
$JMIA (+2,5 %) is an online trading company operating in Africa. The company offers a wide range of products such as electronic goods and fashion.
It offers payment, food delivery, credit and flight booking services.
They stand out in the African e-commerce landscape. Their innovative platform is revolutionizing traditional retail by offering a diverse range of products and services online that are tailored to the specific needs of the African market. The company's integrated payment system, JumiaPay, enhances the customer experience through a seamless, secure transaction process. Jumia's logistics network, designed to overcome regional challenges, ensures efficient delivery, strengthening the company's position as a leader in African e-commerce.
$JMIA (+2,5 %) was founded in Lagos Nigeria in 2012 by two former management consultants Jeremy Hodara and Sacha Poignonnec.
$JMIA (+2,5 %) is active in 11 African countries: Nigeria, Egypt, Morocco, Kenya, Ivory Coast, South Africa, Tunisia, Algeria, Ghana, Senegal, Uganda
$JMIA (+2,5 %) Logistics enables the convenient and reliable delivery of goods. It consists of a large network of rented warehouses, pick-up stations for consumers and drop-off points for sellers, as well as more than 400 local external logistics service providers. Their logistics partners and facilities are seamlessly integrated and managed through their proprietary technology, data and processes.
$JMIA (+2,5 %) is taxable in Berlin, the development team is based in Portugal and the actual headquarters are in Dublin .
For this reason, and because the nationality of the two CEOs is French, there are various doubts that $JMIA (+2,5 %) is an African company, as is claimed in the self-promotion.
Arguments for $JMIA (potential/giant market opportunities):
The anxiety around Jumia often revolves around a single question: what happens when giants like $AMZN (+3,74 %) , $BABA (-0,66 %) or $PDD (+1,79 %) decide to enter the African market?
At first glance, this is a legitimate concern. But this perspective overlooks the essence of e-commerce success in Africa. It's not about flashy apps or sprawling warehouses in cities - it's about solving the logistical puzzle. And that's where Jumia's advantage lies. Africa's logistical challenges are unprecedented. In many regions, physical addresses are not a given, but a rarity, making deliveries difficult and turning traditional e-commerce models on their head.
$JMIA (+2,5 %) operates in an environment where customers often live miles away from hubs and there are no traditional delivery points. This is where Jumia has built its moat. It's more than an e-commerce platform, it's a logistics powerhouse designed to tackle the complexities of the continent. It's not just about delivering parcels. Jumia's network connects remote and rural regions that global competitors may not be able to serve. Take Nigeria, for example. With a population of over 200 million, the consumer base extends far beyond the urban centers of Lagos. Selling products is one thing, reaching underserved regions with sparse infrastructure is another and this is where $JMIA (+2,5 %) strength.
The logistics system is not easily replicated and is a barrier to entry that global giants must reckon with. International players eyeing Africa have a difficult choice: invest billions in building a comparable infrastructure or partner with $JMIA (+2,5 %) whose network has already proven itself in markets such as Ghana, Kenya and the Ivory Coast. In either case $JMIA (+2,5 %) benefit from this. The company is the natural ally - or rival - for any e-commerce player trying to gain a foothold in Africa. And $JMIA (+2,5 %) is constantly improving its market position and is not satisfied. Operational improvements are further consolidating its position. Consolidating smaller warehouses into larger, technology-enabled facilities and optimizing fulfillment centers in core markets such as Nigeria and Ghana reduces $JMIA (+2,5 %) inefficiencies. These changes not only reduce costs, but also create scalability, allowing the company to expand deeper into untapped regions where there is little competition.
Of course, the macroeconomic backdrop is tough. Currency devaluations and volatile markets weigh heavily on $JMIA (+2,5 %) 's operating environment. But its logistics network remains an irreplaceable asset that global competitors struggle to replicate, even with significant investment. A current outstanding key figure underlines this: Over 50% of orders from $JMIA (+2,5 %) now come from outside the major cities, a testament to its reach and resilience.
Western companies often dream of penetrating African markets, but constantly fail. Deciphering the African logistics code has proved too complex, and currency risks are driving many to retreat. Meanwhile $JMIA (+2,5 %) is flourishing. It is adapting to challenges that others consider insurmountable and consolidating its leadership position.
Can competitors catch up? A question that is often asked ?
At the moment, they can't really. Jumia's logistics network is more than an operational tool, it's a fortress. This system, built to withstand Africa's unique challenges, is the foundation of its success. It is also the core of its strategy, the playbook of $AMZN (+3,74 %) , $MELI (+2,44 %) , $BABA (-0,66 %) to follow.
Building a strong logistics network to create lasting barriers to market entry. The latest Black Friday results (as briefly outlined above) underline this potential. Orders increased by 18 % year-on-year, while GMV (Gross Merchandise Volume) grew by an impressive 33 % in constant currency.
However, significant currency devaluations in key markets such as Nigeria and Egypt dampened reported GMV growth to just 2%. Despite these headwinds, Jumia's underlying business demonstrates its ability to weather macroeconomic storms. The customer retention metrics speak for themselves. The total number of customers rose by 9% and orders increased by 18%.
A 44% increase in physical goods orders from regions outside Nigeria's major cities. This expansion into the interior of the country underlines the untapped potential that Jumia is beginning to develop.
The switch to an asset-light model is also paying off. Jumia Logistics recorded a 24% increase in parcel volumes, underlining the efficiency of its operations. On the supply side, international procurement is booming. The number of items from global sellers has risen by 31 %.
This diversifies the platform's offering to meet growing consumer demand. This diversification is critical to cementing Jumia's role in Africa's dynamic e-commerce landscape. And yet the market has not caught up. Despite this progress, Jumia's valuation is still not dependent on the dynamics of its core business.
Continued improvements in logistics, geographic expansion and customer acquisition could provide the basis for significant upside potential
However, the way forward will not be easy. Currency fluctuations in key markets and dependence on cash reserves pose risks. But Jumia offers a rare opportunity to enter one of the fastest growing e-commerce markets in the world. $JMIA (+2,5 %) is far from over - it is just beginning.
Earnings highlights for the third quarter of 2024:
- Revenue of $36.4 million, down 13% YoY, or up 9% in constant currency
- GMV of $162.9 million, down 1% YoY, or up 29% in constant currency
- Operating loss of $20.1 million compared to $18.3 million in the third quarter of 2023, up 10% YoY, and up 6% in constant currency
- Adjusted EBITDA loss of $17.0 million compared to $14.8 million in the third quarter of 2023, up 15% YoY, and up 10% in constant currency
- Loss before income tax from continuing operations of $17.8 million in the third quarter of 2024, down 17% YoY or down 2% in constant currency
- Liquidity position of $164.6 million, an increase of $71.8 million in the third quarter of 2024, that includes the net proceeds from the August 2024 At-the-Market (ATM) offering, compared to a decrease of $19.0 million in the third quarter of 2023
- Net cash flows used in operating activities of $26.8 million compared to $24.0 million in the third quarter of 2023
$AMZN (+3,74 %) , $MELI (+2,44 %)
$BABA (-0,66 %) , $SE (+2,35 %) , $PDD (+1,79 %) , $JD (-3,8 %) , $9618 (-3,64 %) , $9988 (-0,7 %) , $CPNG (+2,38 %) , $EBAY (-0,05 %)
+ 1
JD.com | $JD (-3,8 %) Q3'24 Earnings Highlights:
🔹 Revenue: ¥260.4B (Est. ¥259.7B) 🟢; UP +5.1% YoY
🔹 Non-GAAP EPS: ¥8.68 (Est. ¥6.70) 🟢; UP +29.5% YoY
🔹 Non-GAAP EBITDA: ¥15.1B (Est. ¥13.8B) 🟢; UP +17% YoY
🔹 EBITDA Margin: 5.8%, UP from 5.2% YoY
🔹 Free Cash Flow: -¥13.8B
Operational Highlights:
🔹 Net Product Revenue: ¥204.6B; UP +4.8% YoY
🔹 Net Service Revenue: ¥55.8B; UP +6.5% YoY
🔹 Operating Income: ¥12.0B;
🔹 Operating Margin of 4.6%, UP from 3.8% YoY
🔹 Gross Margin and Net Margin improved due to scale and cost efficiencies, with a Non-GAAP Net Margin of 5.1% vs. 4.3% YoY
Q3 Segment Revenue:
🔹 Electronics & Home Appliances: ¥122.6B; UP +2.7% YoY
🔹 General Merchandise: ¥82.1B; UP +8.0% YoY
🔹 JD Retail: ¥224.99B
🔹 JD Logistics: ¥44.4B, UP +6.6% YoY
🔹 New Businesses: ¥5.0B, DOWN -25.7% YoY
Outlook:
🔸 Continued investment in supply chain capabilities to drive scale benefits, while furthering user growth, engagement, and market competitiveness through targeted promotions and partnerships.
Business Highlights:
🔸 JD Retail Expansion: Strong growth in general merchandise, with new offerings in apparel and accessories, and strong Singles Day promotional response.
🔸 JD Logistics: Expanded collaboration with Taobao and Tmall, integrating logistics services.
🔸 JD Health: Broadened medical insurance payment capabilities across 12 cities.
🔸 Environmental, Social, and Governance (ESG): Improved ESG score and initiatives in governance, employee support, and supplier management.
Shareholder Returns:
🔹 Completed a $3B share repurchase program in Q3 and launched a new $5B repurchase program through August 2027
Earnings next week (11.11 - 15.11)
Hello everyone,
do you think the $JD (-3,8 %) will return to its former strength (60-70 €) or whether this is just a flash in the pan due to the massive financial injection into the markets?
I am really undecided whether I should hold the position or take the profit
$JD (-3,8 %)
$JD (-3,8 %)
$BABA (-0,66 %) my second chinese stock, price target $45-$50 by the end of the year!