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《大行報告》招證國際降京東(JD.US)目標價至36美元 重點關注股東回報
阿思達克 03-08 10:11
招證國際發表報告,下調京東(JD.US)美股目標價由38美元降至36美元,基於估值和潛在收益率吸引,維持「增持」評級。招證國際指京東第四季度收入按年升4%,non-GAAP經營利潤按年升7%,均超出市場預測2%。公司宣布新的30億美元回購計劃,預計將在2024年上半年集中回購,帶來8%的潛在回報率。 招證國際指市場重點關注股東回報,期待京東在2024財年開啟新的增長局面,保持利潤率穩定,亦看好京東在帶電品類的穩固用戶基礎、更好的股東回報以及較低的估值。另外,國家推行的家電以舊換新政策將是2024財年的積極驅動因素。 報告維持京東今明兩財年收入預測大致不變,non-GAAP純利預測分別升3%及降4%,並料今年收入按年升6.4%,non-GAAP淨利潤率達3.3%。
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