大行評級|里昂:上調京東物流目標價至11.8港元 評級“買入”
里昂發表研究報吿指,京東物流2024財年首季銷售額按年增長15%;非國際財務報吿準則淨利潤6.63億元,利潤率1.6%。該行解釋公司收入錄得增長的主要原因,是由於其強勁的自營平台(1P)及其他業務(快遞和貨運代理)銷售,以及受惠於旗下第三方銷售平台(3P)客户數量增加。該行預計,隨着經濟復甦跡象及快遞覆蓋範圍不斷擴大,京東物流未來數季的營業收入增長動力或會持續。而且憑藉公司的規模效應和其他網絡優化方案,該行相信京東物流可持續增強其獲利能力。在市場情緒出現改善的情況下,該行決定將京東物流的目標價從10.3港元上調至11.8港元,並予以“買入”評級。
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