花旗：京东提高利润的路径清晰维持买入评级_老虎社区_美港股上老虎

花旗：京东提高利润的路径清晰维持买入评级

环球市场播报04-02

花旗分析师在一份报告中称，如果管理层缩减对亏损的食品配送部门的投资，京东提高盈利能力的路径将很清晰。他们预测，得益于用户体验的改善和更高效的促销活动，2026年的亏损将小于2025年。他们补充说，京东广泛的供应链提供了一道强大且可防御的护城河，可抵御AI代理驱动的商业模式带来的潜在干扰。管理层通过回购和派发股息来回报股东的承诺也应会支撑其估值。花旗维持对京东美国存托凭证（ADR）的买入评级和...

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