港股異動丨金山雲逆勢大升21%創1年新高,獲中金大幅上調目標價
金山雲(3896.HK)今日逆勢大升,盤中一度升21.68%,報2.75港元,股價創2023年11月以來新高。隔夜美股市場金山雲收升9.07%報4.45美元,折算成港股市場價格為2.59港元/股。消息面上,中金近日發佈報吿稱,考慮公司AI算力投入節奏快於預期、需求量級高於預期,上調金山雲2024年及2025年收入&經調整EBITDA預測,同時,考慮公司基本面築底背景下估值修復,疊加增長預期提速,維持金山雲跑贏行業評級,將目標價上調71%至6美元,對應1.3x 2025年P/S。公司目前交易於0.9x 2025年P/S,估值具有吸引力。中金強調,金山雲持續受益於小米及金山生態需求放量。過去兩年,在頭部外部大客户需求收縮背景下,公司將基礎設施及產研資源重新向生態內客户聚焦。2023年下半年,小米時隔五年重回金山雲第一大客户;1H24,小米及金山集團佔金山雲總收入比例達19%,其中小米佔總收入約15%。作為小米及金山生態唯一的戰略級算力服務平台,預計金山雲有望率先受益於生態客户AI業務佈局帶來的資源需求增量。(格隆匯)

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