《大行報告》大摩料京東(09618.HK)或進一步擴大其回購計劃抵銷股份拋售壓力 基本面不會受到重大影響
摩根士丹利發表報告指,騰訊(00700.HK)公佈實物分派京東(09618.HK)股份作爲特別中期股息,認爲騰訊的減持行動或會對京東的投資情緒有負面影響,從而短期影響京東股價。
不過,該行預計京東將於公佈今年第四季業績後,會利用其回購計劃(仍有10億美元額度)抵銷股份拋售壓力。如果需要,公司可能會進一步擴大回購計劃。
該行亦不預期京東的基本面會因騰訊減持而有重大影響,因京東在所有電商企業中是更爲供應鏈推動的平臺,對客流的依賴較少。再者,京東主要應用程式的用戶增長亦遠較騰訊生態圈爲快。
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