《大行报告》花旗上调中软国际(00354.HK)目标价至10.5元 评级「买入」
花旗发表研究报告指,中国软件国际(00354.HK)管理层对今年以後的业务展望感乐观,重申「买入」评级,目标价由10元升至10.5元。
该行指,管理层表示,去年收入增长63%,主因稳健的智慧云服务收入和解放号(Joint Force)收入倍增带动。经营现金流改善56%至11.8亿元人民币,主因智慧云服务业务有更好的现金流,以及严格应收账款管理。目前A股上市计划进展顺利,预期於第四季至明年首季完成。
管理层预期智慧云业务於2023年占总收入40%,相等於2020至23年年复合增长率为40%以上;而IT外判业务方面,管理层目标未来三年收入年复合增长率15%左右(mid-teens)增长。
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