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大行評級|花旗:維持京東“買入”評級 受惠於家電以舊換新帶來的需求增長
花旗發表報吿指,京東第三季盈利強勁超預期,淨利潤按年升24%至132億元。該行認為,受惠於過往經驗,流暢反應及強勁供應鏈能力,公司能受惠於家電以舊換新帶來的需求增長。在9月見到需求上升後,於“雙十一”錄得更強需求,相信正面影響擴大超越家電需求本身,幫助創造就業及支持消費者信心。該行亦指,管理層對明年展望審慎樂觀,相信穩固的新用户增長及用户體驗改善,將支持明年堅韌需求。該行維持京東“買入”評級,ADR目標價51美元,視近期獲利盤導致的股價疲弱為買入機會,基於合理估值及管理層穩定的執行力。
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