富瑞金蝶(0268.HK)云收入胜预期吁“买入”目标价12.1港元
富瑞发表研究报告指,金蝶(0268.HK)早前公布盈警,但上半年总收入仍符预期,而云收入则轻微胜预期。该行对集团前景有信心,并重申“买入”投资评级,目标价12.1港元。
富瑞表示,金蝶一早已从中小企(SME)转型至软件服务企业(SaaS),并通过金蝶云Cosmic提高客户成功率并为客户建立模式。该行又指,金蝶云的净利润将在2019年及2020年受客户量扩长而显著加速增长。
富瑞维持金蝶2019及2020年云收入增长54%及59%预测,惟分别下调总收入预测4.4%及12.6%。
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