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《大行报告》花旗下调金蝶国际(00268.HK)评级至「中性」削目标价至8元
阿思达克 07-08 10:26

花旗发表报告表示,下调金蝶国际(00268.HK)投资评级,由原来「买入」降至「中性」,将目标价由11.8元降至8元,此按综合方式作估值。金蝶刚发盈警,预计上半年公司权益持有人应占盈利按年下降约30%至40%,至介乎1.02亿至1.19亿元人民币,因执行加速云转型的战略,加大了金蝶云苍穹业务的战略性投入。

该行指,基於金蝶国际发上半年盈警,料会对短期股价构成压力,估计公司上半年表现较该行及市场原预期低逾40%。基於金蝶对云业务投资毛利承压,决定下调对公司於2019年至2021年各年每股盈测分别23%、17.3%及11.1%,分别至0.12、0.166及0.219元人民币。

花旗指,金蝶国际旗下ERP(企业资源计划)云业务虽具领导地位,但基於公司发上半年盈警,料投资者恢复信心仍需时间。

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