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《大行報告》麥格理下調京東(09618.HK)目標價至370元 重申「跑贏大市」評級
麥格理發表報告指,在考慮京東(09618.HK)投資的公司的最新賬面價值和淨現金後,將目標價由396元下調至370元,重申其「跑贏大市」評級。 報告指,儘管內地自3月下旬以來收緊封控措施,但京東首季業績表現突出,經調整盈利超出該行預計33%,再次證明其供應鏈模式的獨特市場地位和競爭力,並建議投資者關注其長期市場份額增長潛力。 麥格理將京東2022年的收入預測降低3%,以反映近期疫情影響,但將今明兩年的非通用會計準則淨利潤預測分別提高15%和2%,因為公司優先考慮投資回報率(ROI)並進一步削減虧損部門的支出。 該行建議逢低買入,而京東仍然是電子商務領域的首選。
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