《大行報告》瑞信下調微盟(02013.HK)目標價至20.8元 評級「跑贏大市」
瑞信發表報告指,微盟(02013.HK)今年上半年收入為13.8億元人民幣,按年上升44.5%(或經調整基礎計按年升31.7%),較該行預期高26%。至於經調整淨虧損為1.19億元人民幣,遠遜於該行早前預測的錄淨利潤9,100萬元人民幣,主要由於經營開支增加。
該行表示,雖然上半年收入勝預期,但集團管理層考慮到宏觀不明朗及政策風險,對今年的指引維持不變。
瑞信下調微盟股份目標價,由27元降至20.8元,評級維持「跑贏大市」,並將集團今年收入預測調升1%,明年及2023年則降2%及5%。而每股盈利預測相應分別下調228%、140%及109%,料2021至2023年各年每股虧損分別17分、13分及5分人民幣;以反映競爭增加、監管挑戰及經營開支上升。
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