《大行報告》瑞銀降金蝶(00268.HK)目標價至18.6元 引入卡塔爾基金料市場反應正面
瑞銀發表研究報告指,金蝶國際(00268.HK)引入卡塔爾基金為股東,投資逾15.6億元,預期市場對此反應正面,管理層更透露雙方未來可能會進行業務戰略合作,料將加強發展海外業務。
報告引述管理層認為,擴張海外業務並不會對現金流或經營利潤率造成壓力,維持2025年經調整淨利潤達到盈虧平衡的指引。瑞銀指出,卡塔爾基金展示出對金蝶的發展前景,以及對其產品與技術的信心,基於授權業務及Saas業務估值,將目標價從20元降至18.6元,重申「買入」評級。
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