《大行報告》瑞銀:京東(09618.HK)季績影響中性 但關注管理層指引
瑞銀發表研究報告指,京東(09618.HK)第三季業績表現穩健,盈利快速增長,收入及經調整利潤率均勝過該行及市場預期。
報告指,京東第三季年度活躍用戶為4.42億人,按年增長32.1%,超過該行預期約5.6%。瑞銀認為,用戶增加有助於推動其零售業務增長,業務期內收入按年增長26.9%,其中由於超市產品表現領先,零售業務經營利潤率亦提升至3.9%,按年增長60個基點。
瑞銀指,京東第三季績對股價影響中性,關注管理層對業務增長的目標及指引,維持「買入」評級。
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