研報掘金|中金:下調金蝶國際目標價至10港元 維持“跑贏行業”評級
中金髮表報吿,預計金蝶國際上半年收入按年增長12%至28.7億元,略低於該行此前預期,主要考慮宏觀環境影響下,中小企業新籤或慢於預期;淨虧損由上年同期2.8億元收窄至2.3億元,減虧幅度基本符合預期。基於對於企業預算更為審慎的預期,該行下調2024年和2025年收入預測各2%和3%,至65億元和77億元;將2024年淨虧損預測由8,346萬元調整至9,811萬元,明年淨利潤預測由2億元調整至1.97億元。考慮公司優於同業的增長韌性及現金流水平,中金維持對金蝶國際“跑贏行業”評級,考慮估值中樞下行,下調目標價29%至10港元。
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