You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》摩通:京东(09618.HK)股价过度修正 短期有技术反弹空间
摩根大通发表报告,相信京东-SW(09618.HK)股价过度修正,主要是部分证券商对其第四季收入预测过于保守,但目前整体电商需求并无恶化,料短期有技术反弹空间。惟该行仍预期,即使股价反弹,京东股价仍将跑输其他电商,主要是针对其弱点,包括性价比或产品品种等方面,仍未有作出任何具有意义的举措,导致收入增长或逊行业。 该行料,京东第三季收入按年仅升1%,第四季则料按年升4%,同时预期有更多投资拖累其第四季净利润率按年下跌。该行亦预料,京东在2024年的收入增长及每股盈测增长不多于10%。该行认为应视京东为已完成快速增长的公司,未来一年预测市盈率或受限于10倍,直至公司能清楚展现收入增长加快;现时其估值仅相当于未来一年预测市盈率9倍,或对股价提供支持。 该行将其H股目标价由157元下调至120元,维持「中性」评级。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account