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《大行》京東(09618.HK)投資評級及目標價(表)
京東-SW(09618.HK)(JD.US)將於本週四(14日)公佈公佈今年第二季業績,雖然可受惠於內地以舊換新及購物節銷促刺激,但公司今年以來積極進軍餐飲外賣及進行鉅額補貼,內地電商平臺早前進行了「外賣大戰」,本網綜合20間券商預測,京東今年第二季非美國通用會計準則下(Non-GAAP)歸屬於公司普通股股東淨利潤介乎43.2億元人民幣至60.81億元,去年第二季144.60億人民幣,按年下跌58%至70.1%,中位數49.53億元人民幣,按年跌65.7%。 面對內地「反內卷」形勢下,京東本月初指京東外賣將繼續堅持反內卷立場,抵制「0元購」等惡性補貼,而投資者將焦點京東管理層最新營運(餐飲外賣及即時零售)策略及海外業務拓展計劃、相關補貼、外賣騎手保障及支出等,關注公司淨利潤端未來會否持續受外賣業務投入的影響,外賣業務對集團業務潛在所帶來協同效應等,而投資者需要關注外賣業務後續投入與管理層利潤改善方案。 下表列出10間券商對京東(09618.HK)評級及目標價: 券商│投資評級│目標價 富瑞│買入│233港元 高盛│買入│187港元 華泰證券│買入│179.72港元 建銀國際│跑贏大市│166.2港元 星展│買入│164港元 東方證券│買入│156.59港元 匯豐環球研究│買入│156港元 摩根大通│買入│155港元 浦銀國際│買入│146港元 美銀證券│買入│145港元 ------------------------------------------ 下表列出21間券商對美股京東(JD.US)投資評級及目標價: 券商│投資評級│目標價 富瑞│買入│60美元 瑞銀│買入│50美元 招銀國際│買入│50美元 大和│買入│49美元 高盛│買入│48美元 華泰證券│買入│45.79美元 申萬宏源│買入│45.2美元 野村│買入│45美元 海通國際│跑贏大市│45美元 巴克萊│增持│45美元 建銀國際│跑贏大市│42.6美元 星展│買入│42美元 中金│跑贏大市│41美元 里昂│跑贏大市│41美元 中銀國際│買入│41美元 匯豐環球研究│買入│40美元 摩根大通│買入│40美元 交銀國際│買入│40美元 浦銀國際│買入│38美元 美銀證券│買入│37美元 摩根士丹利│與大市同步│28美元
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