Does MM still like JD longer term?

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Question asked 14/05/2022

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

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.

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JD.COM (JD US)

LAST UPDATED 13/05/2022 07:09

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