《大行報告》野村下調京東物流(02618.HK)目標價至17元 評級「買入」
野村發表研究報告,預計京東物流(02618.HK)今年首季收入將按年增長34%,較市場普遍預期高出2%,剔除德邦快遞整合的影響,總收入料按年增長7%,增速較去年第四季的13%放緩,主要是由於今年1月份疫情影響物流運力、消費者信心依然低迷,同時京東(09618.HK)旗下社區團購服務京喜業務縮減,亦對內部收入帶來壓力。
該行認為京東物流的業務可能需要更長的時間才能完全恢復。撇除德邦,預測下半年收入按年增長13%,較上半年增長約8%加快。野村並將全年收入預測下調2%,維持「買入」評級,目標價從18元下調至17元,對應2024財年預測市盈率28倍。
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