《大行報告》麥格理料京東(09618.HK)上季收入增6%符市場預期 經調整淨利潤率擴至2%
麥格理發表報告,預計京東(09618.HK)去年第四季業績將大致符合市場預期,預計收入和經調整純利分別按年增長6%和2%。儘管11月受到疫情的嚴重打擊,但該行認為12月的溫和復甦反映消費者信心逐步恢復,重申對京東評級為「跑贏大市」,目標價357元。
麥格理指,去年第四季由疫情導致的收入疲軟,可以通過成本控制和高效的執行能力來抵銷。該行指繼續看到京東在近期的疫情干擾中積極完善現有業務線,繼續對京東的盈利軌跡持積極看法,預計經調整淨利潤率在去年第四季擴大至按年增長70個基點至2%,今年料按年增長20個基點。
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