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《大行報告》匯豐研究下調京東(JD.US)目標價至75美元 評級「買入」
匯豐研究發表研究報告,表示看好京東(09618.HK)(JD.US)盈利能力將持續改善,指出公司現時手持約240億美元的淨現金,預期通過派發特別股息及股票回購向股東返還資本,可爲公司提供一定的估值支持。 但該行表示,由於疫情下物流受阻及消費者情緒低迷導致部分訂單被取消,預期近期零售業務表現可能仍然疲軟。此外,第三季智能手機銷售的強勁勢頭不太可能持續到12月,而家電產品也因房地產市場波動而面臨困境逆風;快消品業務則預期受到高基數及京喜業務規模縮減等拖累。 因此匯豐研究將京東2022年第四季零售業務增長預測從10%下調至4%,並將2023至2024年預測從15%及14%下調至10%及12%,令2023至2024年收入預測相應下降5%及7%,盈利預測下調4%及5%,美股目標價從78美元降至75美元,維持「買入」評級。
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