摩根已经不了解中国了_老虎社区_美港股上老虎 - 老虎社区

摩根已经不了解中国了

摩根大通：京东对当前外卖市场结构的影响微乎其微

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

1

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":427227359400416,"tweetId":"427227359400416","gmtCreate":1745326996865,"gmtModify":1745326998884,"author":{"id":3579066292341739,"idStr":"3579066292341739","authorId":3579066292341739,"authorIdStr":"3579066292341739","name":"种田专业","avatar":"https://static.tigerbbs.com/9a1989c278270e8def069ec695c142d6","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":16,"starInvestorFlag":true,"fullDisclosureFlag":false,"starInvestorFollowerNum":3,"starInvestorOrderShareNum":2,"userFollowInvestorFlag":false,"orderNotificationFlag":false,"showRor":false,"investmentPhilosophy":"复利为王","winRationPercentage":60,"tradeVolumeEst":0},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>摩根已经不了解中国了</p></body></html>","htmlText":"<html><head></head><body><p>摩根已经不了解中国了</p></body></html>","text":"摩根已经不了解中国了","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/427227359400416","repostId":2529347116,"repostType":2,"repost":{"id":"2529347116","kind":"news","pubTimestamp":1745305380,"share":"https://www.laohu8.com/m/news/2529347116?lang=&edition=full","pubTime":"2025-04-22 15:03","market":"us","language":"zh","title":"摩根大通：京东对当前外卖市场结构的影响微乎其微","url":"https://stock-news.laohu8.com/highlight/detail?id=2529347116","media":"观点网","summary":"观点网讯：4月22日，摩根大通发表报告指出，京东与美团-W股价在过去一个月表现落后于中概互联网指数ETF基准，主要因为投资者对京东积极进入中国内地外卖市场及美团可能的反应感到担忧。该行预计京东在2025年与2026年进入内地外卖市场将获得约5%的市场份额，配送量与市场份额将在2025年底增至10%，但在2026年将有所回落。摩根大通认为，京东的进入对当前市场结构的影响微乎其微，目前美团与饿了么分别占据75%与25%的市场份额。","content":"<html><body><article><p><strong>观点网讯：</strong>4月22日，<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>发表报告指出，<a href=\"https://laohu8.com/S/JD\">京东</a>（09618.HK）与<a href=\"https://laohu8.com/S/03690\">美团-W</a>（03690.HK）股价在过去一个月表现落后于中概互联网指数<span>ETF</span>（KWEB.US）基准，主要因为投资者对京东积极进入中国内地外卖市场及美团可能的反应感到担忧。</p><p>该行预计京东在2025年与2026年进入内地外卖市场将获得约5%的市场份额，配送量与市场份额将在2025年底增至10%，但在2026年将有所回落。京东的进入可能对两家公司短期盈利前景构成下行风险，但该行认为美团的短期盈利能力可能比京东更具韧性，因美团未采取价格补贴策略进行反击。</p><p>摩根大通认为，京东的进入对当前市场结构的影响微乎其微，目前美团与饿了么分别占据75%与25%的市场份额。在估值方面，该行认为美团相较于京东有更大的上行空间，因美团可持续的双位数盈利前景使其跻身中国互联网第一梯队，这类股票通常以15-20倍的远期市盈率交易。</p><p>该行对美团及京东维持“增持”评级，但短期内更看好美团。该行下调美团目标价，由190港元降至165港元；京东目标由215港元调低至180港元。</p><p>免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>摩根大通：京东对当前外卖市场结构的影响微乎其微</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n摩根大通：京东对当前外卖市场结构的影响微乎其微\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-22 15:03 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250422152723a6c3684f&s=b><strong>观点网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>观点网讯：4月22日，摩根大通发表报告指出，京东（09618.HK）与美团-W（03690.HK）股价在过去一个月表现落后于中概互联网指数ETF（KWEB.US）基准，主要因为投资者对京东积极进入中国内地外卖市场及美团可能的反应感到担忧。该行预计京东在2025年与2026年进入内地外卖市场将获得约5%的市场份额，配送量与市场份额将在2025年底增至10%，但在2026年将有所回落。京东的进入可能对...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250422152723a6c3684f&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4550":"红杉资本持仓","SG9999002463.SGD":"LionGlobal China Growth SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","JD":"京东","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4524":"宅经济概念","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4585":"ETF&股票定投概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4503":"景林资产持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","09618":"京东集团-SW","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","BK4516":"特朗普概念","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250422152723a6c3684f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2529347116","content_text":"观点网讯：4月22日，摩根大通发表报告指出，京东（09618.HK）与美团-W（03690.HK）股价在过去一个月表现落后于中概互联网指数ETF（KWEB.US）基准，主要因为投资者对京东积极进入中国内地外卖市场及美团可能的反应感到担忧。该行预计京东在2025年与2026年进入内地外卖市场将获得约5%的市场份额，配送量与市场份额将在2025年底增至10%，但在2026年将有所回落。京东的进入可能对两家公司短期盈利前景构成下行风险，但该行认为美团的短期盈利能力可能比京东更具韧性，因美团未采取价格补贴策略进行反击。摩根大通认为，京东的进入对当前市场结构的影响微乎其微，目前美团与饿了么分别占据75%与25%的市场份额。在估值方面，该行认为美团相较于京东有更大的上行空间，因美团可持续的双位数盈利前景使其跻身中国互联网第一梯队，这类股票通常以15-20倍的远期市盈率交易。该行对美团及京东维持“增持”评级，但短期内更看好美团。该行下调美团目标价，由190港元降至165港元；京东目标由215港元调低至180港元。免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。","news_type":1,"symbols_score_info":{"09618":0.6,"JD":1}},"isVote":1,"tweetType":1,"viewCount":1263,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/427227359400416"}