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《大行報告》富瑞下調京東物流(02618.HK)目標價至31元 評級「買入」
阿思達克 05-18 09:35
富瑞發表研究報告指,京東物流(02618.HK)首季收入表現符合預期,非國際財務報告準則虧損持續按年收窄,來自外部客戶的收入貢獻繼續提升。 報告指出,與4月份比較,5月份內地各地受影響的物流站點數量減少,公司透露正評估即將來臨的「618」促銷活動的發展。 富瑞表示,考慮最新的行業趨勢,預計影響屬暫時,長期維持「買入」評級,預期京東物流未來將進一步深化快消品、家電家具、服裝、3C、汽車、生鮮六大重點產業的發展,又認為客戶群的擴大不受疫情影響,預計今年全年公司資本支出佔總收入的比例將保持在約5%的水平。基於估值調整,目標價則由41元下調至31元。
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