$JD-SW(09618.HK)JD.com is trading close to historic lows and below many estimates of its intrinsic value. As of February 2026, the stock has a trailing P/E of about 7. For long-term value investors, it provides a dividend yield exceeding 3.75% and benefits from a best-in-class logistics network in China that supports a strong, defensible moat.

At current prices, the market seems to be assuming no future growth. An outlook that may be overly pessimistic given the company’s continued revenue expansion. I am holding with strong conviction. Are you?