《大行》大摩升极兔速递(01519.HK)目标至9.5元 维持“与大市同步”评级

阿斯达克财经
Jul 14, 2025

摩根士丹利研究报告指,今年采用第三方物流(3PL)的TikTok Shop正积极抢占市占率,令极兔速递-W(01519.HK) 次季经营表现超预期。该行料极兔今年上半年经调整净利达约2.35亿美元,而去年同期为6,300万美元。虽然东南亚增长前景更乐观,但该行仍有疑虑,包括在贸易摩擦下,东南亚电商市场能否维持强劲增长、“电商+自营物流”与“电商+第三方物流”的格局转变,以及当TikTok Shop...

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