《大行報告》摩通首予金山雲(03896.HK)「中性」評級 目標價2.2元
摩根大通發表報告,首次覆蓋研究金山雲H股(03896.HK),予其股份「中性」評級,目標價2.2元。
該行表示,與其他互聯網雲供應商相似,金山雲將焦點轉移至高質素增長,收入增長緩慢但盈利能力提高,預期集團的毛利表現在今年可有持續改善。
另一方面,由於淨現金徘徊市值50%以上,摩通認為其股價進一步下跌的空間有限。以一年期計,該行預計金山雲的股價將與行業平均保持一致,收入增長和毛利前景好壞參半。不過,公司自今日(13日)起獲納入港股通南向通投資標的,料屬短期催化劑。
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