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《大行》中銀國際料京東(JD.US)次季經調整淨利按年挫65% 目標價降至41美元
阿思達克 07-14 10:12
中銀國際發表報告,預計由於京東-SW(09618.HK)(JD.US)紮實的供應鏈核心競爭力,其第二季總收入料按年持續增長15%。雖然預計其核心的京東零售板塊經營利潤將按年增長17%至118億元人民幣,但由於超過100億元人民幣的外賣投入,集團的經調整淨利潤預計將按年顯著下降65%至50億元人民幣。 中銀國際預計公司將會在下半年持續向外賣業務投入資源,但認為會在動態激烈競爭的市場中採取更為平衡及精細化的營運策略,目前預計公司2025年在外賣業務的總投入將達到約300億元人民幣。 該行認為公司會主動加速其交叉銷售措施,將外賣業務帶來的新差異化流量深入轉化到其核心零售板塊。維持「買入」評級,但下調其美股目標價由原先62.41美元降至41美元。
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