《大行》野村:京东物流(02618.HK)购跨越速运余下权益估值合理 释放更多协同效应

阿斯达克财经
10 Dec 2024

野村发表研报指,京东物流(02618.HK) 收购跨越速运余下权益的交易估值合理,协议设与业绩挂钩的对价调整机制,以最高代价计是次收购跨越速运的交易估值为后者去年及预测今年市盈率的12倍及8倍,低于行业平均水平。
该行又指,截至今年上半年京东物流手头净现金达173亿元人民币,有能力支付此次交易作价,协议所设的分期付款方式亦可进一步纾缓公司的压力。野村相信跨越速运是一项有价值的资产,预料完成收购后京东物流可更好地整合两者资源,增强其自身竞争力,提升营运效率,发挥协同效应。野村维持对京东物流的“买入”评级,目标价17.8元。(gc/da)(港股报价延迟最少十五分钟。沽空资料截至 2024-12-09 16:25。)

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