《大行報告》花旗上調中軟國際(00354.HK)目標價至18.5元 評級「買入」
花旗發表研究報告指,估計中國軟件國際(00354.HK)上半年收入增長將稍好過預期,而盈利增長將快速,主要受惠毛利率擴張等,考慮到鴻蒙用戶採納速度加快,加上與華為近期合作增加,相信公司業務正快速增長,將其目標價由13.1元升至18.5元,並將2021-23年收入及盈利預測調整0-3%,重申「買入」評級,認為其增長前景可見性較好,加上估值吸引,而政府監管風險亦有限。
中期業績來看,該行預期其收入將按年升33%至80.6億元人民幣(下同),而毛利率則料會按年改善,不過部分影響被營銷開支增加所抵銷,現時預期其淨利將按年升37%至5.5億元。據內地傳媒報道,直至8月6日華為鴻蒙用戶逾5,000萬戶,華為將今年底用戶目標由3億戶增至4億戶,相信將受惠鴻蒙的主要合作夥伴包括中軟國際。(el/s) ~
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