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《大行報告》摩通重予金山軟件(03888.HK)「增持」評級 目標價50元
阿思達克 08-19 14:09
摩通發表研究報告,指出隨著金山軟件(03888.HK)旗下的KOS Holdings及Kingsoft Cloud分拆上市後,公司成功釋放過去被市場忽略的價值。公司的股價自KOS於去年11月18日上市後,已累升124%。該行相信,旗下子公司分拆上市導致投資者對金山軟件作重新評價,認可其為一間業務範圍覆蓋SAAS、IAAS及遊戲的控股公司,多於只是一家普通的遊戲公司。

該行預期在未來12個月,公司股價將會上升,主要是受到KOS Holdings及Kingsoft Cloud的股價表現所帶動;潛在的按市值計價事件,可釋放持倉折扣;派息及股份回購;以及是遊戲《劍俠情緣》系列的表現超出預期。該行預期公司今年的網絡遊戲業務的收入及經營溢利分別增長16%及76%。騰訊00700.HK)擁有其網絡遊戲子公司Seasun的10%權益,相信公司與騰訊的進一步合作有潛在的上行空間。給予公司「增持」投資評級,目標價為50元。

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