2020年Q1可以說是一個使太多全球人民失眠的季度，新冠肺炎病毒先后嚴重影響了中國、韓國、意大利、伊朗、日本、美國及全球多個國家人民的健康、生活及經濟的各個方面，使全球多國的公共衛生系統受到了前所未有的挑戰。加上上周俄羅斯和沙特的石油價格戰，市場恐慌指數攀升，多國股市觸發歷史罕見的熔斷機制，尤其是美東時間16號昨天，全球股市大幅震蕩，以下marketwatch.com的這場圖清晰說明了這一跌幅：
伴隨著近期市場的斷崖式下跌，全球已有超過20個國家的主要指數回吐了近五年來的全部漲幅。希臘股指自年內高點跌幅已近50%，上證綜指3月16日收盤價較今年以來高點最大回撤幅度不超過15%。
2008年，由次貸引發的經濟衰退預期導致了全球資本市場的大幅調整，A股累計下跌幅度超過70%，跌幅最深，其主要原因是此前2006-2007年A股經歷了史上最大的牛市，期間上證指數從998點上漲至6124點，累計漲幅超過5倍，高點時上證指數市盈率高達55倍。而本輪股災前上證指數的市盈率已降至13.52倍，最新估值僅為12倍，估值下滑了78%。那全球股市了？讓我們用以下這張來自WIND的對比圖來分析個究竟：
當然這次大跌中不乏個別企業表現強勁：如納斯達克報道，納斯達克上市公司ZOOM（在線視頻會議解決方案商）表現非常出色。還有今天我們要談的京東（中國領先的在線電子商務解決方案商），于美東時間剛剛發布了將回購20億美元的公司股票，這一數目將于未來的24個月完成。回購這幾年在美國上市公司中較為普遍，如Apple，伯克希爾哈撒韋等。個人認為京東這次啟動20億美金的股份回購可謂一箭多雕，也顯示出了美股的成熟機制及美國上市公司選擇上的靈活性。以下是京東在納斯達克的公告：
JD Announces US$2.0 Billion Share Repurchase Program
March 17, 2020 BEIJING, China, March 17, 2020 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2.0 billion of its shares over the next 24 months.
The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.
About JD.com
JD.com is a leading technology driven e-commerce company transforming to become the leading supply chain based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to JD.com’s industry and general economic conditions in China. Further information regarding these and other risks is included in JD.com’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.
CONTACTS:
Investor Relations Ruiyu Li +86 (10) 8912-6804 IR@JD.com
Media Relations +86 (10) 8911-6155 Press@JD.com Source: JD.com
當然，就在昨天，我有在我的微信朋友圈援引香港信報的報道，京東已與包括瑞銀及美銀在內的投行接洽探討在港Dualisting(美國、香港雙邊上市）。
根據香港萬得通訊社報道，市場消息指出，京東有意最快在今年上半年在港Dualisting(美國、香港雙邊上市），惟掛牌時間及集資規模須按市場情況而定。不過，據悉，瑞銀和美銀正為京東籌備相關的上市準備工作，但現階段仍未向港交所（00388）提交機密上市申請。上市成功后京東將成為繼阿里巴巴上市后的第二個Dualisting(美國、香港雙邊上市）的成功案例。阿里和京東均通過赴美上市完成了從小到大的華麗轉型和國際資本及運營資源的最大化配置，也充分證明了一個成熟的有良好Track Record的資本市場對企業從小到大長期發展的重要性。
Lastly, GOOD LUCK TO YOUR IPO & EXPECTED INVESTMENT RETURN IN YEAR 2020！祝大家2020年IPO及投資回報節節高哦！
最后附上我的微信二維碼，如果想了解更多關于我個人的信息，請掃碼關注此微信公眾號并輸入：Jackson, 即可或得關于我的個人介紹哦。
參考資料：
JD.COM
ZOOM.COM
MARKETWATCH.COM
NASDAQ.COM
NYSE.COM
OTCMARKETS.COM
SEC.COM
NEWS.WINDIN.COM
FINRA.ORG
FEDERALRESERVE.COM
CNBC.COM
NEWYORKTIMES.COM
GOOGLE.COM
