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《大行報告》野村料京東-SW(09618.HK)第三季收入按年增1% 目標價下調至174元
野村發表報告,預期京東-SW(09618.HK)第三季度收入按年增長1%至2,460億元人民幣,對比其指引持平至增長5%,處於接近下限水平,亦較市場預期的2,540億元低3%。估計非通用會計準則每股盈利按年跌4%至6.01元人民幣,淨利潤率3.9%,符合該行預期。 該行估計京東零售收入按年持平於2,120億元人民幣,較市場預期的2,200億元人民幣低4%,零售業務經營利潤率4.8%。 野村認爲,京東零售環境未見明顯改善,據管理層所述,自第三季內地零售市道沒有明顯復甦,當局自9月開始推出措施挽救房地產行業,而京東作爲內地最大家庭電器零售商,未見措施對電器銷售有正面作用。該行將京東目標價由187元下調至174元,評級維持「買入」。
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