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《大行報告》瑞銀下調微盟集團(02013.HK)目標價至11元 評級「買入」
阿思達克 04-22 10:49
瑞銀發表評級報告,將微盟集團(02013.HK)今年及明年收入預測下調11%及15%,以反映去年實現業務表現較低,中小企業客戶流失率上升、零售業受疫情影響致客戶增長放緩,以及受到宏觀和監管等因素以致廣告增長放緩。 該行指,宏觀環境改善廣告利潤率及PaaS(平台即服務)提高交付和營運效率,故預測公司今年毛利率約60%(大致上不變),至2024年料將上升至68%。 該行將其目標價由15元下調至11元,相當於今明兩年預測市銷率分別7倍及5.8倍,以反映該行對微盟2022年至2024年銷售及利潤預測下調,並維持其「買入」評級。
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