《大行報告》中金下調京東物流(02618.HK)目標價至15.5元 評級「跑贏行業」
中金發表評級報告指,京東物流(02618.HK)次季收入按年升31%至41億元人民幣,非國際財務報告準則純利按年升288%至8.26億元人民幣,其中歸屬非國際財務報告準則淨利潤按年增長236%至6.17億元人民幣,符合預期。
中金相信,公司會專注於提供高質量的綜合供應鏈服務,並不斷增強其目標客戶的忠誠度。中金認為,需求復甦或會繼續影響公司下半年的收入增長,並有待觀察其收入復甦的進展。
中金預料,公司第三季收入增長按年放緩,但第四季的傳統促銷公司或會令公司改善服務及客戶體驗,並料公司毛利率會按季改善,受惠公司進一步調整其客戶組合。
中金表示,將公司今年盈利預測下調14%至12.8億元人民幣,明年則下調8%至22.5億元人民幣,並將其目標價下調9%至15.5元,維持其評級為「跑贏行業」。
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