大行評級|美銀:上調京東物流目標價至11.4港元 重申“買入”評級
美銀證券發表研究報吿指,京東物流的核心業務收入及毛利率均在首季實現強勁增長,重申其“買入”評級。集團的非國際財務報吿準則淨利潤為6.63億元;經調整淨利潤率為1.6%,而該行預測僅為1.19億元,業績遠勝預期。該行將集團2024至26財年的非國際財務報吿準則淨利潤預測上調3至4%,並將目標價上調16%,由9.8港元調升至11.4港元。該行預計,京東物流第一季的快遞量將按年增24%。由於對高端客户的關注日益增加,快遞收入增長高於數量增長。另外,管理層維持全年指引不變,即收入增長高個位數百分比及經調整淨利潤率介乎1.7%至2%,而該行認為預測屬過於保守。
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