You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》中金引述京東(09618.HK)指「入局」外賣僅為試點 待市場反饋 另指618預售優預期
中金發表報告表示,該行舉辦今年中期策略會,邀請到京東-SW(09618.HK)與投資人進行交流,公司回答了市場關心的重點問題,包括6月的恢復情況、新業務減虧、全渠道進展等。 京東代表稱,繼3月京喜拼拼僅保留四個省份業務後,6月初京喜拼拼進一步收縮業務線,可能僅保留北京、鄭州兩地業務。公司表示今年將更注重現金流和利潤,降本增效背景下,包括京喜拼拼在內的非核心業務都有一定投放管控,京喜拼拼仍然聚焦小規模探索。該行預計京喜拼拼收縮對降本增效的影響,將在第二季起逐步體現,若新業務減虧力度超預期,或將帶來利潤端較高彈性。此外,公司表示近期京東入局外賣僅為試點,仍待市場反饋,目前無需過多解讀。 該行引述京東代表指6月至今銷售好於公司預期,仍待觀察618當天情況。隨著疫情好轉,公司表示於4月、5月、6月銷售逐月回暖,618預售情況好於公司預期,GMV與收入的差距隨著履約逐步恢復也已基本回到正常狀態。分品類看,商超品類保持堅挺,服裝和家電品類反彈明顯,據京東618首日戰報,開門紅10分鐘內家電預售付尾款成交額按年增長超3倍。但公司表示手機品類預售增速慢於往年,主要由於供給端影響,蘋果手機供應鏈仍在恢復貨源不足,而安卓手機則是推新速度較慢。此外,由於部分3P商家資金鏈、供應鏈恢復較慢,公司預計短期內3P增速將慢於1P,但長期仍將快於整體。 中金維持京東(JD.US)「跑贏行業」評級和盈利預測不變,維持目標價78美元。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account