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《大行报告》瑞银下调金蝶(00268.HK)目标价至34元 评级「买入」
阿思达克 03-30 10:33
瑞银发表研究报告指,金蝶(00268.HK)管理层强调公司针对2021至23年经常性收入增长,云服务至2023年经常性收入增至33亿元人民币,而中期在云方面的投资维持高企,故利润压力将持续。该行对公司转订阅制的策略感到看好,预期公司至2023年云分别年复合增长可达41%,带动2020至23年收入年复合增长率可升至25%。该行视金蝶目前的净亏损为转型的阵痛,料今年可转盈。

瑞银降金蝶今年收入预期2%,主因对今年云销售收入减少7%,盈利亦因公司增加人手而下降,目标价由36.5元降至34元,维持「买入」评级。

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