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《大行報告》里昂下調京東健康(06618.HK)目標價至65元 增長放緩
里昂發表報告,預期京東健康(06618.HK)受累於消費環境疲弱、以及去年下半年比較基數較高,第三季度總收入按年增長放緩至8%,至114億元人民幣,第四季度收入更按年下跌11%至141億元人民幣,用戶增長將會維持穩定,但每名用戶消費可能下跌,主要因為去年同期用戶購入較多新冠相關產品。 該行估計第三季度經調整EBIT按年跌約3%,至6.4億元人民幣,但下半年則按年升21%至11億元人民幣。全年經調整EBIT利潤率增加1個百分點,高比較基數的情況將於明年第二季度回復正常,將2023及2024年收入預測分別下調2%及6%,目標價由80元下調至65元,維持「買入」評級。
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