华兴证券:维持京东物流“买入”评级 上调目标价至23.28港元

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13 Mar
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  华兴证券发布研报称,维持京东物流(02618)“买入”评级,目标价由22.9港元上调至23.28港元。集团去年收入同比增长9.7%,达到管理层的高个位数百分比增长指引的高位。经调整净利润同比增长187%,经调整净利润率为4.3%,高于管理层初始的3%至4%利润率指引。以上强劲业绩主要受惠毛利率提升,而毛利率增长受惠于经营杠杆、持续自动化和效率提升。

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