《大行報告》美銀證券首予明源雲(00909.HK)「買入」評級 目標價47元
美銀證券發表研究報告,首次給予明源雲(00909.HK))「買入」評級,指出該公司為內地領先的房地產SaaS及ERP解決方案服務商,於市場上定位穩健,而且發展空間龐大。
美銀指出,內地房地產市場佔GDP達13%,但行業數字化比率低,軟件滲透率僅0.1%,加上市場發展促使內房加快拓展二手交易,料亦刺激對軟件的相關開支。
該行預期明源雲2020至2023年收入年均複合增長達37%,EBIT利潤率料達16%,基於2022年預測企業價值對收入比率約22倍,給予目標價47元。
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