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Is JD.COM a buy in 2022?? | $JD Stock Analysis w/DCF and Stocks News
Chinese tech stocks were hammered on potential delisting fears.
However, we believe that the market reaction was unwarranted.
I believe Alibaba and JD.com look attractive now.
Chinese tech stocks were hit by a bombshell yesterday. The SEC threatened to delist five companies that it said did not adhere to the Holding Foreign Companies Accountability Act (HFCAA). These companies were: YumChina (YUMC), BeiGene (BGNE), Zai Lab (ZLAB), ACM Research (ACMR), and Hutchmed (HCM).
Interestingly, the act is not new. It was enacted in 2020 by the Trump Administration. So while the delisting rhetoric has often dominated the narrative over Chinese stock investments, few could have expected the SEC to renew its call now.
the market is extremely concerned whether the SEC move could signal the start of a broader clampdown by the US government on the Chinese government. Consequently, Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (BIDU) also led the decline in Chinese Internet stocks.
JD reported robust earnings yesterday before the SEC issued its delisting warning to the five companies mentioned above. It reported revenue of $43.4B in FQ4’21, up 23% YoY. Moreover, its FY21 revenue also reached $149.7B, up 27.6% YoY. Therefore, it has been a robust performance for JD even as the macroeconomic environment in China slowed considerably.
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