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《大行報告》大和降京東(09618.HK)目標價至425元 評級「買入」
大和發表報告表示,預測京東集團(09618.HK)今年第二季收入將按年增長25%,但考慮到來自京東物流(02618.HK)的虧損較大,該行對京東集團今年第二季非通用會計準則淨利預測由47億元人民幣下調至34億元人民幣(按年跌43%及按季跌15%),非通用會計準則下淨利潤率料降至1.3%。

該行指,將關注京東集團第二季度業績公佈用戶數量及商品成交金額(GMV)增長情況,以及來自「京喜」社區團購業務的虧損。

因應投資增加京東物流等業務,該行將京東集團2021至2023年經調整後盈利預測下調13%至21%,下調目標價,由465元降至425元,重申「買入」評級。大和又提到,今年「618」京東的GMV按年增長約28%,預期在時尚及美妝市場份額將有所提升。

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