《大行》大摩：料京东(JD.US)发CB潜在摊薄将抵销部分回购效果

阿斯达克财经05-22

大摩发表报告指，京东(JD.US拟发17.5亿美元可换股优先票据，用于回购及海外拓展等。年初至今京东已累计实施13亿美元股票回购，增强了投资者对其通过回购大幅提高股东回报能力的信心。虽然京东称将利用今次募集资金加快股票回购，但该行预计发行可换股优先票据可能造成的潜在摊薄将抵销部分回购效果。此外，大摩指，市场可能会继续质疑京东的大量现金余额与可用于回购的现金之间的不匹配，以及可能拖累其股东回报的潜在...

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