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《大行報告》花旗上調中軟國際(00354.HK)目標價至10.5元 評級「買入」
阿思達克 04-07 10:08
花旗發表研究報告指,中國軟件國際(00354.HK)管理層對今年以後的業務展望感樂觀,重申「買入」評級,目標價由10元升至10.5元。

該行指,管理層表示,去年收入增長63%,主因穩健的智慧雲服務收入和解放號(Joint Force)收入倍增帶動。經營現金流改善56%至11.8億元人民幣,主因智慧雲服務業務有更好的現金流,以及嚴格應收賬款管理。目前A股上市計劃進展順利,預期於第四季至明年首季完成。

管理層預期智慧雲業務於2023年佔總收入40%,相等於2020至23年年複合增長率為40%以上;而IT外判業務方面,管理層目標未來三年收入年複合增長率15%左右(mid-teens)增長。

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