《大行報告》高盛升中軟國際(00354.HK)評級至「買入」 目標價上調至21.81元
高盛發表的研究報告指,對中國軟件國際(00354.HK)看法轉趨正面,認爲其產品線擴張及客戶多元化,主要受惠解決方案服務開始見效,加上鴻蒙OS 2在6月推出,客戶基礎增加,此外IT服務整合趨勢亦帶來支撐。該行將公司2021至2025年各年淨利預測升25%、53%、54%、60%及63%,主要考慮到收入、毛利率較高及經營開支比率較低。
雖然該行對華爲IT外判業務看法仍有憂慮,並料內地IT服務市場增長溫和,不過對公司看法正面,主要因爲其國際業務轉向互聯網IT服務,包括雲服務及大數據等,同時非華爲IT外判等亦料可進一步減低來自華爲的單一客戶風險,目標價由5.1元升至21.81元,評級由「中性」升至「買入」。
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