《大行報告》中金削微盟(02013.HK)目標價30%至5.6元 評級「跑贏行業」
中金發表報告,料微盟(02013.HK)上半年收入按年跌8%至8.84億元人民幣,調整後應佔淨虧損為5.91億元人民幣,意味著淨虧損率為67%,較去年同期的虧損幅度更大。
該行預計,公司上半年訂閱解決方案收入按年增5%至5.77億元人民幣,若疫情影響於下半年持續得以紓緩,料公司將於重點業務中獲得更多訂單,以推動下半年訂閱解決方案呈按半年收入增長。
該行表示,由於受上海疫情影響,公司在優化員工結構方面,其進展較該行預期慢,並相信透過此舉可加大公司下半年削減成本的力度,故料公司虧損將於下半年收窄,全年調整後應佔淨虧損錄得9.92億元人民幣;鑑於公司的成本控制措施,預計於明年下半年可盈利轉正。
該行將微盟今年、明年收入預測分別下調19%及22%,至分別20億及25億元人民幣,並下調其目標價30%至5.6元,維持其評級為「跑贏行業」。
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