da-kukMy investment rating for Baozun Inc. (NASDAQ:BZUN) [9991:HK] stock remains a Buy. BZUN's revenue and operating loss for Q2 2024 beat expectations, which means that the company can build on this positive momentum to deliver better results for the coming quarters. On the other hand, Baozun has started to buy back shares under the new share repurchase plan initiated in January this year. Baozun's potential 5.6% buyback yield and its consensus forward one-year normalized P/E of 6.3 times are sufficien ...