大行評級|大和:下調金蝶國際目標價至6.7港元 重申“跑贏大市”評級
大和發表研究報吿指,金蝶國際中期業績表現大致符合市場預期,雲服務收入按年增長17.2%,來自大型企業客户的雲產品收入及雲訂閲服務年經常性收入( ARR)增幅均高於小型企業客户。期內雲端業務虧損減少,管理層目前預測明年下半年可能會扭虧為盈,符合市場預期。但考慮到雲端業務的研發費用預期較高,且股票回購速度較預期慢,該行將明年每股盈利預測下調14%,憧憬大型企業客户需求具韌性可持續推動增長,重申“跑贏大市”評級,目標價則由7.1港元下調至6.7港元。
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