报告公司投资评级 - 维持"买入"评级 [5][10] 报告的核心观点 业绩前瞻 - 预计24Q3收入同比增加4%至2577亿元,调整后归母净利润为103亿元,对应调整后净利率为4.0% [4] - 下调FY24年调整后归母净利润预测至409亿元,维持FY25-26年调整后归母净利润预测为448/478亿元 [4] 销售增长预期 - 预计Q3FY24GMV及收入增速回升,看好以旧换新+双十一持续拉动平台家电需求释放 [4][8] - 预计集团24Q3收入增速环比改善,同比增长4.0%至2577亿元,京东零售同比增长3.8%至2201亿元 [8] 盈利能力分析 - 24Q3公司持续发挥规模效应和供应链优势,提升经营质量,毛利率预计延续稳步上行趋势 [9] - 公司配合以旧换新政策落地,投入更加积极,Q3盈利能力保持健康 [9] - 预计24Q3集团调整后归母净利润为103亿元,同比增长-2.9%,NPM达4.0% [9] 股东回报 - 8月27日,京东公告新股份回购计划,未来36个月内回购价值不超过50亿美元的股份 [5][9] - 24H1,京东集团实现Non-GAAP归普净利润234亿元,利润率达4.2%,账上现金充裕为845亿元,支撑公司持续回购加大股东回报 [9] 风险提示 - 消费需求疲软,行业竞争加剧,新业务发展不及预期 [5][10]

Price to earnings (P/E) and price to sales (P/S) are the first ratios that come to an investor’s mind while narrowing down a list of undervalued stocks. However, the price-to-book ratio (P/B ratio), though underrated, is also an easy-to-use valuation tool for identifying low-priced stocks with high-growth prospects.What is P/B Ratio?P/B ratio is calculated as below:P/B ratio = market capitalization/book value of equity.The P/B ratio helps to identify low-priced stocks with high growth prospects. SSR Mining ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 16th:Okta, Inc. (OKTA) : This identity solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.Okta has a PEG ratio of 1.30 compared with 3.27 for the industry. The company possesses a Growth Score  of B.JD.com (JD) : This company which operates as an online direct sales company in China carries a ...

报告公司投资评级 - 维持买入评级 [1] 报告的核心观点 - 预计京东第三季度收入增长5%,符合市场预期,非GAAP净利润同比增长7%,高于市场预期1% [1] - 京东零售部门收入同比增长5%,主要得益于家用电器和家居用品部门收入的回升,以及一般商品收入的稳健增长 [1] - 成本控制效率的提升推动了盈利能力的改善 [1] 收入和盈利预测 - 维持2024财年收入预测基本不变,但将非GAAP净利润预测上调1.4% [2] - 基于DCF模型,目标股价上调3%至53.5美元 [1][10][11] - 京东宣布新的股票回购计划,有助于支撑估值 [2] 财务数据总结 - 2024年第三季度预计收入为人民币2600亿元,同比增长5% [1] - 2024年第三季度预计非GAAP净利润为人民币114亿元,同比增长7% [1] - 2024-2026年收入、毛利润和非GAAP净利润的预测数据 [8][9] - 主要财务指标如毛利率、净利润率、ROE等的历史数据和预测 [15][16]

报告公司投资评级 JD.com (JD US)的投资评级为BUY,目标价为53.5美元,较当前价格上涨22.1%。[4] 报告的核心观点 1) 预计JD.com第三季度收入增长将与彭博共识一致,但归因于成本控制效率和服务收入占比提升,净利润将超预期。[2] 2) 第三季度JD零售业务收入同比增长5%,与预期一致,主要受益于家电换新计划的实施以及一般商品收入的稳健增长。[2] 3) 公司在9月份略微调整了策略,从之前的重视投资回报和成本控制,转向更注重GMV和收入增长。[2] 4) 公司宣布了新的回购计划,未来3年内可回购最多50亿美元股票,相当于当前市值的2.6%,有利于股价估值。[2][4] 财务数据总结 1) 预计2024年全年收入为11388.55亿元人民币,同比增长5%,其中产品收入同比增长4%,服务收入同比增长8%。[3][5][6] 2) 预计2024年非公认会计准则净利润为422.68亿元人民币,同比增长20.1%,高于市场预期1.4%。[3][5][6] 3) 预计2024年毛利率为15.3%,非公认会计准则净利率为3.7%。[5][6] 4) 公司现金流状况良好,2024年经营活动现金流入454.0亿元人民币。[12]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 14th:Okta, Inc. (OKTA) : This identity solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.Okta has a PEG ratio of 1.30 compared with 4.06 for the industry. The company possesses a Growth Score  of B.JD.com (JD) : This company which operates as an online direct sales company in China carries a ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today October 10th:JD.com (JD) : This company which operates as an online direct sales company in China, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.1% over the last 60 days.JD.com has a PEG ratio of 0.61 compared with 3.28 for the industry. The company possesses a Growth Score of A.ZIM Integrated Shipping Services (ZIM) : This ...

The China stimulus measures have caused Chinese stocks to rocket higher in anticipation of a recovery to come. It’s indiscriminately caused any Chinese stock in the computer and technology sector and retail/wholesale sector to get a boost coupled with existing short interest have resulted in double and sometimes triple digits gains in a matter of weeks. While many of these moves are overblown and undeserved, JD.com Inc. NASDAQ: JD is one of the better fundamentally sound stocks that justifies a surge, as th ...

文章核心观点 - JD.com是2023年表现最差的股票之一 [1] - 分析师专注于具有竞争优势和高防御性的优质公司,关注欧洲和北美公司,不受市值限制 [1] - 分析师持有BABA和JD的多头头寸 [2] 行业和公司研究 JD.com - JD.com是2023年表现最差的股票之一 [1] 分析师背景 - 分析师的学术背景是社会学,拥有社会学硕士学位和社会学与历史学学士学位 [1] - 分析师专注于具有竞争优势和高防御性的优质公司,关注欧洲和北美公司,不受市值限制 [1] - 分析师持有BABA和JD的多头头寸 [2]