《大行報告》京東(09618.HK)投資評級及目標價(表)
京東-SW(09618.HK)將於下周三(16日)公布2023年中期業績,受惠於京東零售業務利潤貢獻及部份業務有效減虧,本網綜合21間券商預測,京東2023年中期非公認會計準則淨利潤料介乎145.39億至159.36億元人民幣,較2022年中期105.21億元人民幣,按年增加38.2%至51.5%;中位數157.14億元人民幣,按年增加49.4%。
綜合5間券商預測,京東2023年中期歸屬於普通股股東的淨利潤料介乎114.44億至124.04億元人民幣,對比2022年同期13.85億元人民幣,按年增加7.26至7.96倍;中位數119.15億元人民幣,按年增加7.6倍。
花旗預計,市場將關注100億元人民幣補貼計劃成效、家電及第三方賣家毛交易總額增長、重組對快速消費品影響、下半年毛利率及非公認會計準則淨利潤率及大語言模型對京東零售的利好等。投資者將關注京東業務調整帶來毛利改善所帶來利潤增量,能否抵銷大促銷市場費用投入的增量、京東物流(02618.HK)及新業務等其他業務盈利能力優化。
下表列出20間券商對京東(09618.HK)的投資評級及目標價:
券商│投資評級│目標價
富瑞│買入│379港元
法國巴黎銀行│買入│341港元
高盛│買入│256港元
中信証券│買入│251港元
建銀國際│跑贏大市│244.9港元
星展│買入│234港元
中銀國際│買入│228.8港元
招商証券│強烈推薦│228.61港元
招商證券國際│增持│217港元
國泰君安│增持│227.5港元
天風證券│買入│226港元
安信證券│買入│226港元
大和│買入│216港元
麥格理│跑贏大市│214港元
匯豐環球研究│買入│203港元
廣發證券│買入│200.38港元
中信建投│買入│181.72港元
瑞銀│中性│173港元
摩根大通│中性│165港元
交銀國際│中性│159港元
下表列出22間券商對京東(JD.US)評級及目標價:
券商│投資評級│目標價
富瑞│買入│97美元
法國巴黎銀行│買入│88美元
花旗│買入│68美元
高盛│買入│65美元
中信証券│買入│64美元
招銀國際│買入│63.4美元
建銀國際│跑贏大市│62.8美元
里昂│買入│60美元
摩根士丹利│增持│60美元
野村│買入│59美元
中銀國際│買入│58.5美元
大和│買入│56美元
招商證券國際│增持│55美元
麥格理│跑贏大市│54美元
華泰證券│買入│52.29美元
匯豐環球研究│買入│52美元
廣發證券│買入│51.12美元
中金│跑贏行業│51美元
中信建投│買入│46.3美元
瑞銀│中性│44美元
摩根大通│中性│43美元
交銀國際│中性│41美元
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