高盛:維持京東物流(2618.HK)買入評級 目標價43港元
高盛發表研究報吿指,京東物流(2618.HK)去年下半年收入按年升34%;來自外部客户的收入達51%,勝預期;外部客户按年增長42%至7.5萬;全年收入突破1000億元人民幣;全年來自外部客户的收入達57%;並錄得經調整利潤率0.5%,勝預期;毛利率7.1%,亦勝預期。該行維持其“買入”評級,目標價43港元。
該行預期,第一季錄得經調整淨虧損,但相信金額會明顯按年收窄;2022年容量的投資將大致符合業務發展,管理層料容量將可更好利用,其2022年單位經濟將較2021年有改善。該行又料2022年或可錄得純利,略為達到收支平衡。

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