You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》大和下調京東健康(06618.HK)目標價至70元 評級「買入」
大和發表報告指京東健康(06618.HK)去年收入按年升58%,基本由健康產品網上銷售按年升56%推動。該行指公司利用京東物流(02618.HK)內地19個藥物倉庫及逾400個非藥物倉庫,並在直銷訂單中達致八成翌日送貨率。數碼推廣收益增長較知識產權電商收入更快,認為電商業務帶動用戶及商戶流量。該行預期京東健康未來3年數碼推廣收入增長持續跑贏電商,且有穩定毛利率。 該行預期行業規管詳情今年發布,並有一至兩季過渡期。即使監管規定條文在中央政府層面定出,一般而言地方政府需半年至一年落實執行細則,因此難量化規管對公司的財務影響。該行亦認為最近新冠相關封城影響公司交付產品能力,因此影響公司平台毛交易總額。 該行上調對京東健康今明兩年非國際財務報告準則盈利預測(non-IFRS)3%至8%,預期開支效益改善及股份報酬減少將支持公司盈利勝同業。該行維持對京東健康「買入」投資評級,目標價則由130.5元降至70元,反映全球同業目前市盈率較半年前大幅下降。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account