瑞信:首予京東集團-SW(9618.HK)目標價292.6港元 評級“跑贏大市”
瑞信首予京東集團-SW(9618.HK)目標價292.6港元及“跑贏大市”評級。
瑞信發表研究報告表示,目前京東在快速消費品、電子產品及大型家用電器等板塊的業績貢獻最多,這將令下一季度非通用會計準則的經營利潤率可同比上升0.5%至2.2%。瑞信指出京東的渠道策略將成功提升下沉城市的客户覆蓋率,用户將涵蓋城市各個階層及年齡段,而快速消費品、新鮮食品、家用產品及醫療保健等產品銷售表現都持續優於大市的表現。
根據京東最新披露的報告,截止今年6月底月活躍用户按季增長5600萬人次,較過去幾個季度增幅有所提升,預計用户數量將繼續保持強勁增長,至2021年年底將達到5億人次。瑞信預計京東可維持市場領先地位,用户增長潛力高於同行業,目前瑞信維持美國存託憑證(ADR)目標價75.50美元,並首次給予港股目標價292.6港元。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.