大華繼顯:升金山軟件(3888.HK)目標價至60港元 維持買入評級
大華繼顯發表研究報告指,金山軟件(3888.HK)旗下金山辦公軟件(688111.SH)公佈今年第三季業績,期內收入按年增長65%至5.87億元人民幣,遠勝於該行預期的40%;該公司強勁的業績表現加強了該行對金山軟件正面看法,故維持其買入評級,並將目標價由53港元上調至60港元。
該行認為,受惠於訂閲量強勁,其中每月活躍用户註冊量按年上升19.6%至4.57億人,帶動金山辦公軟件收入有強勁增長。考慮到金山辦公軟件已是中國目前最大辦公軟件商,其市佔率約達45%,僅次於微軟,相信未來金山辦公軟件市佔率將會進一步增加。該行又指,管理層預期金山辦公軟件今年收入增長介乎30至40%,而該行則料收入增長43%及盈利按年增74%。

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