智通财经APP获悉,富瑞发布研究报告称,予京东物流(02618)“买入”评级,目标价18.5港元。公司公布,于2024年12月6日,宿迁京东博海企业管理有限公司拟向卖方收购跨越速运合共约36.43%的股本权益,总对价不超过约人民币64.84亿元,可根据股权转让协议所载规定予以调整。
报告中称,公司交易亮点分别包括,两家公司有许多协同效应有待释放;交易分三个阶段进行,让京东物流可了解清楚跨越速运及前景,估值取决于跨越速运利润能力;跨越速运销售团队稳固,国际业务增长迅速;协同效应涵盖多个领域,包括空运,跨越速运销售航线涵盖国内及东南亚;京东物流维持财务指引不变,且预计不会因收购而增加支出,资本支出百分比将维持约3%至4%。
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