《大行報告》美銀證券料京東(09618.HK)次季非通用會計準則淨利潤47億人民幣 評級「買入」
美銀證券發表研究報告指,國家統計局數據顯示第二季整體商品網上零售額按年增長3%,維持對京東(09618.HK)第二季收入按年增長3%至2,620億元人民幣的預測,認爲不會出現太大驚喜。
該行指出,與大多數互聯網企業一樣,京東近期開始實施成本控制措施,以應對行業增長放緩的影響,預期第二季補貼水平及營銷費用有改善空間,有助提高毛利率,又預計研發及員工成本將略有下降。
美銀預測京東第二季淨利潤達到24.5億元人民幣,非通用會計準則下經調整後淨利潤預期爲47億元人民幣。另外亦預期京東物流(02618.HK)淨虧損將收窄至約1.73億元人民幣。
美銀維持京東2022至2024年業績預測及「買入」評級不變,目標價298元。隨着行業逐漸復甦,美銀預計京東第三季收入將增長12%。
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