《大行報告》瑞信升金蝶國際(00268.HK)評級至「跑贏大市」 目標價上調至20.8元
瑞信發表報告指,金蝶國際(00268.HK)去年收入按年增長16.6%,淨虧損則擴大至3.89億元人民幣,兩者均遜於該行及市場預期,去年度經常性收入(ARR)增幅較2021年放緩逾10個百分點,相信是由於疫情影響去年第四季新簽合同及交付。
金蝶管理層維持今年ARR增長至33億元人民幣的目標,瑞信對此表示看好,相信今年按年增長表現強勁,將評級由「中性」上調至「跑贏大市」,將目標價由17.2元升至20.8元,相當於預測今年市銷率9.7倍,但由於ERP貢獻預期較低,將今明兩年收入預測輕微下調2%。
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