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麥格理研究首次覆蓋BC科技集團(0863.HK):隨數字資產市場發展乘風而上
格隆匯 07-07 11:16

格隆匯7月7日丨麥格理研究首次覆蓋BC科技集團(0863.HK),評級跑贏大市,最新12個月目標價為29港幣。

研究報吿表示,BC科技集團在全球合規數字資產服務領域內脱穎而出,在監管和機構投資者加速進場的背景下具備先發優勢,並預計BC科技集團數字資產業務(包括SaaS業務)5年收入年均複合增長率為79%。BC科技集團的亮點在於合規性和流動性,受益於數字資產全球監管升級,設定了高合規門檻和技術壁壘。SaaS業務充分發揮公司技術優勢,未來可期。

研究報吿進一步分析,BC科技集團是數字資產行業內唯一推出成熟SaaS業務的上市公司,SaaS商業模式有助公司在全球範圍內拓展業務。基於牌照優勢與獨有的SaaS能力,BC科技集團在未來有望實現規模化升級。

麥格理研究認為,BC科技集團數字資產業務的商業模式要素在於交易量驅動交易費用;隨着監管升級,為合規數字資產交易平台塑造良好競爭環境,平台轉化率有望回升;平台總資產長期存在變現可能。此外,平台與Jump Trading達成戰略合作伙伴關係,Jump Trading則是全球知名的大型流動性供應商,覆蓋多種資產類別,為世界100餘個流動性渠道提供流動性服務。

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