《大行》大摩:京东物流(02618.HK)全年业绩大致符预期 无股东回报计划

阿斯达克财经
07 Mar

摩根士丹利发表报告指,京东物流(02618.HK) 去年业绩大致符合预期。撇除德邦和快越物流的贡献,预期其核心供应链净利率在去年第四季按年略有收缩。该行维持对京东物流评级“与大市同步”,目标价11.6元。

管理层预期今年的营收增长率将加速至11%至13%(low-teens),但前期投资和较高的实际税率将使纯利按年增长降至中单位数。该行认为净利率的按年收缩会让市场失望。考虑到其单位数的利润成长前景,认为14倍的2024年市盈率已经足够。同时,根据管理层的说法,没有股东回报计划。
(ha/)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-07 12:25。)

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