《大行報告》匯豐研究下調亞信科技(01675.HK)目標價至12.8元 評級「買入」
匯豐研究發表報告指,亞信科技(01675.HK)正由純粹的電信軟件供應商,發展至新增5G、雲技術及大數據等新產品,預期新業務增長推動下,2019至2022年收入年複合增長率可達16%,維持「買入」評級。
報告指出,亞信科技過去三十年的增長一直依賴於向中國三大電信商銷售軟件,去年逾93%收入都來自銷售電信業務支持系統,雖然業務穩定但增長空間有限,過去四年收入年複合增長率僅為4%。
但公司今年有計劃加強發展5G營運支持系統、企業雲服務及DSaaS數據服務等新業務,該行預期,收入佔比可從2019年的僅2.7%,快速增長至2022年之前的32%。匯豐研究將目標價由14元下調至12.8元,反映2021年將市盈率約14.1倍。
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