連連數字獲摩根大通首次覆蓋 給予“增持”評級及目標價12港元
中國數字支付解決方案市場以及全球貿易數字化的領導者連連數字科技股份有限公司(2598.HK)獲摩根大通首次覆蓋,並被給予“增持”評級及目標價12港元。該行認為,連連數字憑藉即廣泛的全球支付網絡、龐大用户基礎等先發優勢,作為必要的基礎設施服務提供商,料將能於快速增長的中國跨境電商市場受益。
研報強調,連連數字的主要增長驅動因素,包括公司於中國電商平台海外擴張和中國跨境電子商務蓬勃發展方面的優勢。該行預計連連數字於2023年至2025年間的收益將以22%的複合年均增長率增長。另一個重要增長驅動因素,在於其業務模式。公司與電商平台、商業銀行和清算機構建立強大的合作伙伴關係。
此外,摩根大通認為連連數字與美國運通的合資企業連通(杭州)技術服務有限公司具有相當大的期權價值。截至2023年首九個月,連通公司收益按年增長227%。該行認為,由於具龐大的潛在市場和有利的競爭環境,這可能會為公司帶來顯著的長期成長空間。
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