China stocks are still out of favor, which makes JD interesting. Back in 2017 they had some debt. Now they have around 20 billion in net cash, no leverage, and the business is three times bigger. Margins are stronger, cash flow is solid, and the balance sheet is a tank.
Even with all that, the stock trades like it's still 2018. If sentiment shifts, this thing could move fast. It feels like Alibaba before its run, cheap, overlooked, but quietly getting stronger.
With Trump pushing for a trade deal, Chinese companies could see a quick sentiment boost. If that happens, I think the rerating on JD will be violent. Not financial advice, but to me, it looks way too solid for the price.
https://preview.redd.it/6furvj917ptf1.png?width=2146&format=png&auto=webp&s=2f0c417832dfb2a67f94f3264857d3dbb07174ba