Latest news with #JD
Yahoo
2 hours ago
- Business
- Yahoo
We Like These Underlying Return On Capital Trends At JD.com (NASDAQ:JD)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in (NASDAQ:JD) returns on capital, so let's have a look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.11 = CN¥42b ÷ (CN¥678b - CN¥284b) (Based on the trailing twelve months to March 2025). Therefore, has an ROCE of 11%. That's a pretty standard return and it's in line with the industry average of 11%. View our latest analysis for In the above chart we have measured prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for . We like the trends that we're seeing from Over the last five years, returns on capital employed have risen substantially to 11%. The amount of capital employed has increased too, by 205%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed. On a side note, current liabilities are still rather high at 42% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower. All in all, it's terrific to see that is reaping the rewards from prior investments and is growing its capital base. And since the stock has fallen 41% over the last five years, there might be an opportunity here. With that in mind, we believe the promising trends warrant this stock for further investigation. Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our that compares the share price and estimated value. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Roya News
6 hours ago
- Business
- Roya News
Jordan's 151 pharmaceutical establishments expand global reach to 80 countries
Dr. Fadi Al-Atrash, representative of the Curative Industries and Medical Supplies Sector at the Jordan Chamber of Industry (JCI), stated that the Kingdom has now positioned itself among the world's most advanced countries in pharmaceutical and medical supplies manufacturing, with its products expanding from the local market to international platforms. Dr. Atrash emphasized that the sector enjoys strong support and attention from His Majesty King Abdullah II, which has provided it with the necessary foundation for development, modernization, and investment attraction. As a result, Jordanian products have gained global recognition for their high quality and competitiveness. He noted that the sector comprises 151 industrial establishments with a registered capital of JD 385 million, employing around 10,000 people directly and indirectly. Jordanians make up 95 percent of the workforce, and women represent 35 percent of all employees. The industry exports to around 80 countries worldwide. Atrash explained that the sector has seen significant progress over recent years, offering high-quality products that are well accepted both locally and internationally, thanks to innovation and the ongoing efforts of industrial institutions. The sector includes a wide range of products such as medical and therapeutic materials, pharmaceuticals, veterinary products, dental supplies, therapeutic preparations, medical disinfectants, laboratory reagents, medical devices, nutritional supplements, and vitamins. He also highlighted the sector's interconnected relationship with various medical institutions in the Kingdom, including hospitals, laboratories, medical analysis centers, specialized centers, and pharmacies. According to Atrash, the sector contributes about 4 percent to the national GDP and accounts for 11 percent of the total output of the manufacturing sector, with 51 percent of its production classified as value-added. He pointed out that Jordanian pharmaceutical products have received quality certifications and export approvals, and their expansion into global markets has positively influenced the growth of related industries such as packaging, engineering, energy services, and information technology. Atrash added that the sector has achieved remarkable progress in terms of production, exports, and technological advancement. Over the past 25 years, the sector's total annual output has grown to approximately JD 1.62 billion. The industry is composed of three main sub-sectors: human pharmaceuticals, veterinary pharmaceuticals, and medical supplies. Human pharmaceuticals represent 85 percent of the sector's total activity. He also noted that the sector's exports have doubled over the past ten years, reaching JD 612 million last year, a 15 percent increase compared to 2023. Key export markets include Saudi Arabia, Iraq, Algeria, and the United States. Speaking to the Jordan News Agency (Petra), Dr. Atrash emphasized that there are real opportunities for export growth, especially in light of the Economic Modernization Vision (EMV), which outlines key pillars for supporting the sector and boosting its contribution to the national economy. He noted that Jordan has wide export opportunities across various industries, with the therapeutic and medical supplies sector topping the list, offering an estimated USD 515 million in potential export value to global markets. Dr. Atrash also praised the role of the Jordan Food and Drug Administration (JFDA) in supporting and developing the pharmaceutical industry through the implementation of modern systems and regulations that have helped elevate the sector's standards.
GMA Network
a day ago
- Entertainment
- GMA Network
UK sports retailer JD opens first PH store in Pasay City
Sneakerheads, this one's for you! JD, one of the leading sneaker and sports fashion retailers in the United Kingdom, has finally made its way to the Philippines. Located at the SM Mall of Asia in Pasay City, JD's flagship store officially opened on Thursday. It offers limited-edition releases and sought-after styles in exclusive colorways. At its first Philippine location, customers can access a JD-exclusive mix of sneaker drops and new collections from Adidas Spezial, Adidas Gazelle, select styles of the New Balance 740 and New Balance 1906, Nike Shox, Nike Air Max 95, and Puma Speedcat. Also on the shelves are in-demand styles and the latest colorways of the Adidas Gazelle Indoor, Adidas Samba OG, Asics Tiger Gel-NYC, Asics Tiger Gel-Sonoma, New Balance 9060, Nike Air Force 1, Nike Air Max Dn8, and Nike Dunk Low, among others. JD is located at Level 1, North Entertainment Mall, SM Mall of Asia. —JCB, GMA Integrated News
CNA
2 days ago
- Business
- CNA
‘No subsidy, no deal': Shoppers fume as China's trade-in drive stalls – what's next?
SHENZHEN: It's 9.58am on a Tuesday, and anticipation is building at a Suning appliance store in Shenzhen's western Bao'an district. Five sales representatives stand ready, phones in hand, as shoppers hover beside them in quiet urgency. In just two minutes, the scramble begins. That's when a limited daily batch of government vouchers drops, and they will race to help customers verify QR codes and redeem subsidies offering up to 20 per cent off new appliances like fridges and air-conditioners under China's national trade-in programme. CNA observed similar scenes playing out at other major home appliance retailers, including JD and Sundan. One store manager, who wanted to be known as Xian, said the walk-in queues only began in mid-June. 'Online redemptions have stopped because the money (for the next tranche of subsidies) hasn't come in, so now everyone has to come down in person,' she told CNA. The on-the-ground snapshot comes amid reports of subsidy suspensions in parts of China, frustrating shoppers. Retailers and officials cite reasons ranging from funding shortfalls to system upgrades. The pauses have spurred creative workarounds as consumers look for ways to access the subsidies, while also drawing attention to alleged misuse of the scheme. At the same time, analysts say the halts actually reflect higher-than-expected demand - an encouraging sign for Beijing's flagship trade-in programme, designed to revive domestic consumption and reduce reliance on external demand. 'It means people are quite enthusiastic about the programme,' Zhou Xue, senior China economist at Mizuho Securities, told CNA. But even as China pledges continued funding, observers caution that the trade-in scheme alone is a stopgap - broader efforts are needed to tackle structural challenges like a sluggish property market, weak job and income prospects, and ongoing tensions with the United States. China needs to buy time, Chen Bo, a senior research fellow at the National University of Singapore's East Asian Institute (EAI), told CNA. 'This period is like a breather, because other policies are also being rolled out.' OUT WITH THE OLD, IN WITH THE SUBSIDISED Launched in March 2024 to spur household spending, China's national trade-in scheme offers cash rebates to consumers who swap old goods for new ones. While the name suggests a trade-in is needed, many platforms and provinces offer 10 to 20 per cent off consumer goods even without one - broadening the programme's appeal. This year, the initiative is backed by 300 billion yuan in ultra-long-term special bonds, double the amount allocated in 2024. It has also expanded beyond home appliances and electric vehicles to include electronics such as smartphones, tablets, smartwatches and fitness bands priced under 6,000 yuan (US$836). But headwinds have emerged in recent weeks, with consumers in provinces such as Guangxi, Jiangsu, Henan and Liaoning reporting that applications for subsidies under the scheme have been suspended. Local governments have provided varying reasons. Authorities in Chongqing, Henan and Hunan cited 'funds running dry', while Jiangsu and Guangdong blamed 'system upgrades' and 'risk control enhancements'. Authorities have pledged continued support and funding for the trade-in scheme. Still, frustration is bubbling online, with some Chinese citizens taking to social media to air their grievances. 'It's ridiculous, I was about to make a purchase today and suddenly they halted it,' one user wrote on the social media platform Xiaohongshu. 'No subsidy, no deal,' another declared. A third user quipped: 'Not buying saves me money - 100 per cent.' Analysts say the pauses of the trade-in subsidies in some provinces are likely due to faster-than-expected uptake. 'If we're seeing these pauses now, it suggests claims are coming in quicker than anticipated - meaning participation has exceeded expectations,' said EAI's Chen, who further noted that provinces with tighter local finances, such as Jiangxi and Gansu, enacted the temporary subsidy halts. Allan Von Mehren, chief analyst and China economist at Danske Bank, has a similar view. 'It shows that it's working as intended – people are actually using it. Of course, if you run out of money, that could be a challenge,' he told CNA. The trade-in scheme is funded through ultra-long-term special bonds, with co-funding from local governments under a 9:1 central-local ratio, and additional top-ups where needed, according to the National Development and Reform Commission (NDRC). While some local governments have cited funding shortfalls for the subsidy pauses, analysts CNA spoke to were sceptical. 'Provinces like Chongqing and Jiangsu are financially strong … they can issue general local bonds to fund these expenses,' said Zhou from Mizuho Securities. 'I don't think financing 10 per cent of the subsidies is a problem.' Hannah Liu, a China economist at global financial services firm Nomura, believes that the roll-out is moving along at a 'normal pace'. The central government allocated 162 billion yuan for the subsidies in two tranches in January and April. A further 138 billion yuan is scheduled for release in the third and fourth quarters, with the next tranche set to roll out in July. Liu added that April's tranche was mostly used up by end-June. 'The quick take-up shows people are using the subsidies … if they weren't, that would be a bigger concern,' she said. Every yuan of government subsidy translated into roughly seven yuan of consumer spending, said Zhou. According to the Ministry of Commerce, in the first five months of the year, the national trade-in scheme generated 1.1 trillion yuan in sales across five major categories - cars, home appliances, digital devices, e-bikes, and kitchen and bathroom upgrades. Liu suggested the recent surge in claims is largely seasonal – driven by a flurry of events in May, including the 618 shopping festival and the Dragon Boat Festival holiday. 'There may not be particularly strong underlying demand directly tied to the subsidies,' she told CNA. 'If authorities had accounted for seasonal sales patterns, they might've staggered the allocations - less in Q1, more in Q2 and beyond.' 'That clearly wasn't the case.' OF WORKAROUNDS AND LOOPHOLES Amid the subsidy halts in some regions, some enterprising Chinese consumers have found ways to work around the issue. Among them is Guangzhou resident Wendy Huang, who had her eye on a 14-inch MacBook Pro listed on Taobao for nearly 13,000 yuan. By stacking subsidies from the trade-in scheme with a platform discount, the 25-year-old corporate marketing employee could have snagged it for under 7,000 yuan, nearly half off. It would have been her fifth purchase under the programme. But when she tried to confirm the purchase the next day, the deal had vanished. Subsidies for that category had been suspended in Guangzhou, though still available in neighbouring Shenzhen. Rather than give up, Huang improvised. 'The price was just too tempting,' she told CNA. Instead, Huang redirected the laptop delivery to Shenzhen North High-Speed Rail Station. There, she met the courier, let him snap photos of the unboxing - a requirement for the rebate - and squatted by the platform to inspect the device. 'It was a bit of a hassle, and I had to pay for the train,' she told CNA. 'But with a discount like that, it was absolutely worth the detour.' Her ticket cost around 80 yuan. Huang isn't alone in finding creative ways around the rules. On Chinese social media, users have been swapping tips on how to tap trade-in subsidies across provincial borders. A Shenzhen resident, who declined to be named, told CNA he recently bought a 13-inch MacBook Air in his hometown of Shanxi and had his family mail it to him. 'It only cost around a few dozen yuan to ship,' he said, adding that he saved 20 per cent off the list price of 7,399 yuan - paying just 5,399 yuan. But beyond workarounds, the recent subsidy suspensions have also spotlighted alleged misuse of the trade-in programme, particularly in the automobile sector. Scroll through a Chinese secondhand car platform, and it's easy to find thousands of listings for vehicles with barely any mileage - often just 100km to 300km on the odometer. Dubbed 'zero-mileage used cars' or 'ling gong li er shou che' in Chinese, these listings have raised concerns that dealers are exploiting a loophole in the national trade-in scheme. The playbook: buy new cars from automakers, register them under the names of relatives or employees to qualify for subsidies and sales bonuses, then resell them as secondhand - all without the vehicles ever hitting the road. In May, Great Wall Motor chairman Wei Jianjun publicly called out the practice, estimating that 'at least 3,000 to 4,000 vendors' are involved. But industry experts told CNA the phenomenon is far from new. 'It's nothing new, people have been doing this for years,' said Zhang Xiang, director of the Digital Automotive International Cooperation Research Centre at the World Digital Economy Forum. Zhang said many dealers are rushing to act before the subsidies expire by year-end. 'Some operate secondhand shops themselves, offering a convenient channel to offload the unused vehicles and keep sales numbers up.' Take, for instance, a new electric vehicle priced at 100,000 yuan. A dealer buys the car directly from the automaker and registers it under a collaborator's name - often someone hired online - allowing it to be counted as 'sold' and unlocking a manufacturer sales bonus of 1,000 yuan to 2,000 yuan. The vehicle is then transferred to the dealer's own or a partner's secondhand platform and listed as a 'zero-mileage used car', with under 300km on the odometer. It's priced slightly below retail to attract buyers. Meanwhile, the dealer scraps an old vehicle provided by the collaborator to qualify for the national trade-in subsidy, worth up to 20,000 yuan for EVs. The dealer often pays the person more than the scrap car is actually worth. The result is still a tidy profit, thanks to the combined gains from sales bonuses and government incentives. Zhang noted that while the practice may seem questionable, it is not illegal, as there are no rules requiring cars to clock a minimum distance before being resold. Chen from EAI described it as a 'by-product of extreme market competition '. Competition has been intensifying in the world's largest auto market, with price wars that started in early 2023 showing little sign of abating despite concern among both government and industry. 'When car prices fall quickly, the combined value of factory rebates, government subsidies and secondhand resales can be more profitable than selling to actual customers,' Chen said. Rather than stimulating genuine demand, Chen said such behaviour is distorting the market. 'It accelerates the drop in new car prices and ends up squeezing out quota in the primary car market - because buyers who would've purchased new cars are now getting them through secondhand channels at a discount,' he said. Analysts acknowledged the difficulties in making the trade-in programme airtight. 'It's impossible to make a programme completely bulletproof,' said Danske Bank's Von Mehren. 'Given the size of the Chinese market, it is not surprising that issues arise with a programme like this. Creativity runs high, and there are always attempts to find loopholes and ways to circumvent certain rules.' FUEL FOR NOW, NOT THE LONG HAUL While Chinese officials have moved to reassure the public that the trade-in programme and its subsidies remain on track, experts agree the current approach is not sustainable. They warn that it offers only short-term relief, while pointing out that it is just one part of a broader push by China to address deeper structural challenges. EAI's Chen likened the scheme to 'reigniting the engine' of domestic consumption - a short-term spark rather than a long-term fix. He pointed to three persistent challenges weighing on China's recovery - stubborn unemployment and stagnant wages, mounting corporate debt choking cash flow, and external headwinds such as escalating trade tensions with the US. 'In the long run, when we use subsidies, what we're really doing is trying to reignite people's desire to spend. But subsidies alone can't fundamentally shift total demand,' said Chen. He said the scheme provides some breathing room as concurrent efforts to bolster the Chinese economy - including settling commercial arrears to restore private sector confidence, boosting tech innovation, and stabilising the beleaguered property market - take deeper root. Crucially, Chen believes it's too early to assess whether the trade-in programme is working. It will take one to two quarters after the subsidies cease to see if consumers are still motivated to spend, Chen said. 'The key test is whether the subsidies can unlock broader demand - demand that's dozens of times larger than the subsidy itself. That's what would show it worked.' For Von Mehren, China is moving in the right direction, but must act with greater urgency. He believes the property sector is one of the most pressing issues that must be addressed to revive confidence and get the economy moving. China's prolonged property slump remains one of the biggest drags on consumer confidence. In May, official data showed that new home prices fell 3.5 per cent year-on-year and 0.2 per cent from April - the 11th straight month of decline. With housing accounting for about 70 per cent of household wealth, the downturn has eroded the financial security of many families, dampening their willingness to spend. 'I think (China) should actually recover a bit in order to get more confidence among people that the bottom has been reached,' Von Mehren said. 'Because as long as you don't know if you reach the bottom, it creates uncertainty.' Zhou Xue from Mizuho Securities said the current recovery in the property market remains 'very fragile', citing historically high inventory levels. 'There's more local governments can do to support the market. And I think the best way is allowing them to raise more money from the bond market to support this programme.' Even with the next tranche of subsidies expected to be released next month, Zhou predicts that, based on last year's usage patterns, funds may run dry in some cities before September. Public holidays are largely viewed as key drivers of consumption in China, offering concentrated bursts of economic activity as hundreds of millions of people travel, shop, and dine. This year, authorities have added two extra days to the statutory holiday calendar, raising the total to 13. But Nomura's Liu argued that service-related subsidies would be difficult to sustain, as rising demand could push up prices and dilute the stimulus effect. Instead, she believes priority should be placed on the silver generation, referring to China's fast-expanding elderly demographic. 'Those who have money are more inclined to spend - and that tendency is stronger among lower-income groups,' she said, noting that retirees make up a significant share of this segment. 'Nearly 70 per cent of them rely on monthly pensions of just a few hundred yuan. If they're given more support, their marginal propensity to consume would be significantly higher.' In the meantime, Chinese consumers are navigating the current subsidy landscape as best they can. With the next round of government support on the horizon, some savvy shoppers are already holding off on purchases, waiting to capitalise on the upcoming injection of subsidies. Huang, the Guangzhou resident, is among them. She's not done shopping – just biding her time. 'I'll wait.'
Hypebeast
2 days ago
- Business
- Hypebeast
JD Opens the Doors to Second Retail Hub in Dubai
Following on from the opening of itsDubaiflagship last year,JDhas revealed a brand new retail hub in the city as it continues to build on its presence beyond Europe. Set in City Centre Mirdif – a five million sqft shopping mall housing over 450 shops – the store brings the 'King of Trainers' staple offering of performance garments, athleisurewear, and sneakers to the central location. As well as shopping the latest drops and seasonal collections from popular sportswear brands, visitors will be able to get their hands on exclusive 'Only at JD' products at the store, which historically have included limited-edition releases fromNike,adidas,New BalanceandOn. To celebrate the new store, JD hosted a special event earlier this month. Giving shoppers a taste of the pop-ups and activations expected to take place in the space, the retailer served up live music from localDJ RuuzandDJ Noor, a JD emblazoned photobooth, and an engraving station for Stanley Cup customization. Take a closer look at the two-day event in the gallery above. Explore the latest sneaker and sportswear drops at the new JD store now. To find out more about its upcoming events, head to its regionalInstagram page. JD StoreFirst floor, City Centre MirdifSheikh Mohammed Bin Zayed RdDubai, UAE
