6618 (JD Health International Inc) vs Hang Seng (Hong Kong) Comparison

6618

Hang Seng (Hong Kong)

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6618

Hang Seng (Hong Kong)

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6618

Hang Seng (Hong Kong)

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Hang Seng (Hong Kong)

6618

AMZN

BABA

PDD

3690

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JD Health International Inc
Glance View

Market Cap

88.9B HKD

Industry

Retail

JD Health International Inc., a significant arm of the Chinese e-commerce giant JD.com, emerges as a leading force in the digital healthcare landscape. It operates by seamlessly blending technology with healthcare services, providing a multitude of solutions designed to cater to the diverse needs of its users. They have harnessed the power of the internet to offer online medical consultations, a service that connects patients with a network of licensed healthcare professionals. This innovative approach not only broadens access to medical advice and care but also disrupts traditional healthcare models by emphasizing convenience and accessibility. By utilizing advanced algorithms and AI technology, JD Health also offers personalized health management, positioning itself as a pivotal participant in the quest for enriched digital health experiences. The revenue model of JD Health is underpinned by its multifaceted ecosystem, primarily driven by the sale of pharmaceutical products, healthcare merchandise, and the provision of online medical services. They employ a B2C strategy that accounts for most of their sales, utilizing JD.com’s expansive logistics network to ensure swift and reliable delivery. Additionally, the company monetizes its platform by offering premium health-related content and services on a subscription basis, appealing to a broad audience eager to embrace new healthcare paradigms. As the digital transformation of healthcare accelerates, JD Health strategically positions itself to benefit from an expanding market, leveraging its technological expertise and comprehensive service offerings to make healthcare more accessible and efficient for its growing user base.

View JD Health International Inc Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US	D	DoorDash Inc NASDAQ:DASH	Add
CN		JD.Com Inc HKEX:9618	Add

US		Amazon.com Inc NASDAQ:AMZN	Select
ZA	N	Naspers Ltd JSE:NPN	Select
CN		Alibaba Group Holding Ltd NYSE:BABA	Select
CN		Pinduoduo Inc NASDAQ:PDD	Select
CN		Meituan HKEX:3690	Select
UY		MercadoLibre Inc BMV:MELIN	Select
AR		Mercadolibre Inc NASDAQ:MELI	Select
NL		Prosus NV AEX:PRX	Select
US	D	DoorDash Inc NASDAQ:DASH	Select
CN		JD.Com Inc HKEX:9618	Select

US		Amazon.com Inc NASDAQ:AMZN	Add
ZA	N	Naspers Ltd JSE:NPN	Add
CN		Alibaba Group Holding Ltd NYSE:BABA	Add
CN		Pinduoduo Inc NASDAQ:PDD	Add
CN		Meituan HKEX:3690	Add
UY		MercadoLibre Inc BMV:MELIN	Add
AR		Mercadolibre Inc NASDAQ:MELI	Add
NL		Prosus NV AEX:PRX	Add
US	D	DoorDash Inc NASDAQ:DASH	Add
CN		JD.Com Inc HKEX:9618	Add

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IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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6618

vs

Hang Seng (Hong Kong)

Stocks Performance
6618 vs Hang Seng (Hong Kong)

Performance Gap
6618 vs Hang Seng (Hong Kong)

Performance By Year
6618 vs Hang Seng (Hong Kong)

Competitors Performance
JD Health International Inc vs Peers

JD Health International Inc
Glance View

Company

Help

Tools

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6618 vs Hang Seng (Hong Kong)

Stocks Performance 6618 vs Hang Seng (Hong Kong)

Performance Gap 6618 vs Hang Seng (Hong Kong)

Performance By Year 6618 vs Hang Seng (Hong Kong)

Competitors Performance JD Health International Inc vs Peers

JD Health International Inc Glance View

Company

Help

Tools

Stocks

6618

vs

Hang Seng (Hong Kong)

Stocks Performance
6618 vs Hang Seng (Hong Kong)

Performance Gap
6618 vs Hang Seng (Hong Kong)

Performance By Year
6618 vs Hang Seng (Hong Kong)

Competitors Performance
JD Health International Inc vs Peers

JD Health International Inc
Glance View