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《大行報告》中信証券首予匯量科技(01860.HK)「買入」評級 目標價8元
中信証券發表報告,首予匯量科技(01860.HK)「買入」評級,以經調整明年預測市盈率25倍為估值基礎,予目標價8元。作為全球領先第三方廣告技術公司,該行認為公司兼具短期業績高確定性及長期成長潛力,短期將受益於流量品類拓寬及國內移動出海買量紅利,目標2022年核心業務程序化廣告Mintegral收入規模達10億美元,意味按年升74%;公司從2020年第三季特殊事件攻擊後已完成恢復,並更具技術積累和業務韌性。 長期而言,公司旨在打造基於企業營銷及雲計算運維的SaaS產品生態,為客戶提供營銷前、中、後的全周期解決方案,提高用戶粘性及全生命周期價值。中信証券看好其基於數據、AI技術賦能商業增長,以及鏈接全球市場的長期發展戰略。 報告對匯量科技2022至2024各年收入預測針分別11.7億、16.2億及20.7億美元,按年增長54.4%、39.2%及27.4%,經調整淨利潤預測為2,100萬、6,700萬及1.27億美元。
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