《大行報告》麥格理首予BC科技集團(00863.HK)「跑贏大市」評級 目標價29元
麥格理髮表報告,指BC科技集團(00863.HK)作爲少數獲得完全許可的數字資產服務提供商之一。在監管日益嚴格的情況下,機構投資者對數字資產的採用越來越多,令集團擁有先發優勢,首予目標價29元,評級「跑贏大市」 。
麥格理預計,集團的數字資產業務收入將在5年內實現79%的複合增長率,從去年的1.44億元增長到2025年的26.43億元,調整後的EBITDA將在2022年轉爲正數,並在2025年上升至11.31億元。
報告指,集團除爲數字資產提供主要經紀、交易所和託管服務,亦利用其模塊化交易平臺和許可方面的經驗,向金融機構提供SaaS服務,估計其包括交易費和服務費的SaaS收入,可能從2020年的900萬元增長到2025年的12億元,佔其總收入的48%。
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