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《大行報告》中銀國際降金蝶國際(00268.HK)目標價至13.9元 反映整體經濟放緩
阿思達克 03-20 09:33
中銀國際發表研究報告指,金蝶國際(00268.HK)去年下半年整體業績符合預期。該行看好集團的人力資源、財務、稅務軟體在國內大型企業中獲得市場份額,以及GPT貨幣化的潛力。金蝶去年營運現金流入增長74.5%,證明SaaS轉型開始得到回報,該行對其未來盈利能力改善持更正面態度。 該行引述金蝶管理層指,集團發布2024至26年的最新中期指引,料營運現金流複合年增長率為50%;收入複合年增長率為15至20%,年度經常性收入複合年增長率則為30%。該行認為,集團在人工智能方面具有優勢。 中銀國際分別下調金蝶今明兩年的銷售預測3%和4%,以反映公司指引及宏觀經濟環境。由於整體經濟放緩,目標價由15.1元小幅下調至13.9元,重申其「買入」評級。
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