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《大行報告》大和下調金蝶(00268.HK)目標價至26元 評級「持有」
阿思達克 08-20 16:02
大和發表的研究報告指,金蝶國際(00268.HK)上半年收入稍勝該行預期,期內投資進一步增加。該行相信公司雲業務收入今年增長步伐將稍為快過其45%增長指引,同時留意到公司在大型企業方面初見成效,維持「持有」評級,目標價由28元降至26元。 大和指出,管理層目標在大型企業方面重拾市場份額,最近為市值百億的客戶成立專責小組等,是其中一個加強公司雲服務競爭優勢的舉措之一。公司已完成逾70個本地化項目,包括華為的全球人力資源系統更換,涉及170個國家及20萬用戶,認為證明了公司在置換全球ERP系統的能力,同時亦助加快於未來兩至三年獲客。 該行認為公司與大型及超大型企業的新簽合同在正軌上,自2018年推出金蝶雲·蒼穹以來,公司簽約累計達9.32億元人民幣,考慮到很多項目仍在執行階段,估計將有45%的收入於2018年下半年至今年上半年入賬。(el/k) ~
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