Does MM still like JD longer term?
Hi James, You have alluded a few times to perhaps adding to the JD position in the International portfolio. Are you still keen on JD for the longer term? Many thanks
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Answer
Hi Alex,
We do feel JD.com is great value compared to its peers but as we’ve said previously this is not the optimum time to be aggressive towards growth / tech names which is one of the reasons why we haven’t increased our exposure at this stage. Specifically we do like JD.COM into the current drop below $US50 but further weakness below $US40 cannot be discounted.
