券商於京東(09618.HK)公佈季績後最新評級、目標價及觀點
京東集團(09618.HK)(JD.US)今早股價逆市向上,盤中曾高見345元一度抽高6.8%。摩根大通引述京東管理層指今年第四季收入增長趨勢可延續第三季情況,受惠於用戶增長及市場份額升。該行估計公司今年第四季之後經調整純利及毛利可回覆按年正增長,重申對其「增持」評級,上調目標價由370元升至390元。
京東昨收市後公佈今年第三季業績,收入爲2,187.08億人民幣按年升25.54%;虧損爲28.07億人民幣,去年同期爲盈利75.6億人民幣,每股基本虧損爲0.9元人民幣,每股美國存託股虧損爲1.81元人民幣;公司第三季非公認會計準則下歸屬於普通股股東的淨利潤爲50.48億人民幣按年跌9.18%,每股收益爲1.63元人民幣,每股美國存託股收益爲3.25元人民幣。
公司非公認會計準則下,首九個月歸屬於普通股股東的淨利潤爲136.42億人民幣,按年跌5.53%,每股收益爲4.39元人民幣,每股美國存託股收益爲8.78元人民幣。首九個月收入爲6,756.85億人民幣,按年增29.57%。
【季績勝預期 收入前景佳】
高盛指京東上季業績穩固,其穩健業績再次展示公司於「在線零售+綜合供應鏈」模式在同業中的獨特優勢,儘管期間內地消費趨勢普遍疲軟,但京東仍能獲得更多份額,而用戶增長健康,帶動收入增長顯着超過行業,重申對其「買入」評級及列於「確信買入」名單,維持目標價477港元。
花旗表示,京東第三季收入及經調整盈利優於市場預期,截至9月底止旗下年度活躍用戶按年升25%至5.52億戶,即季度淨增加2,060萬戶,指各營運數據穩固及健康。
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本網綜合3間券商列出對京東(09618.HK)投資評級及目標價
券商│投資評級│目標價(港元)
高盛│買入(「確信買入」名單)│477元
傑富瑞│買入│428元
摩根大通│增持│370元->390元
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本網綜合7間券商列出對京東(JD.US)投資評級及目標價
券商│投資評級│目標價(美元)
高盛│買入(「確信買入」名單)│123美元
傑富瑞│買入│111美元
花旗│買入│108美元
摩根大通│增持│95美元->100美元
摩根士丹利│增持│98美元
瑞銀│買入│95美元
野村│買入│95美元
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券商│觀點
高盛│季績勝預期,料本季收入增長維持上季勢頭
傑富瑞│上季收入符預期,非公認會計準則下淨利潤優預期
花旗│各營運數據穩固及健康,關注明年收入增長及投資預算
摩根大通│市場未反映本季及明年盈利增長因素,料股價有上升動力
摩根士丹利│第三季業績強勁,本季展望樂觀
瑞銀│季績優預期,料市場反應正面
野村│上季收入及盈利均優於預期
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