大行評級丨星展:金蝶受惠ERP開支信心改善 升目標至12.4港元
星展發表報吿,認為內地企業於ERP(企業資源規劃)開支方面信心改善,將金蝶國際(0268.HK)目標價由10.4港元上調至12.4港元,重申“買入”評級。報吿指,中國一系列的刺激政策,進一步提振企業在ERP開支上的信心,金蝶是中國第二大ERP軟件供應商,市場地位強勁,料因此而受惠。公司得益於其具競爭力的雲產品及新AI功能,料可持續在行業中跑出。星展把金蝶2025及2026年度收入預測分別上調3%及6%,較市場綜合預期高出3%及6%,預期增長重新加快至每年20%的增速,2025年度料轉虧為盈,賺2.34億元人民幣,料有助推動股價表現;最新目標價12.4港元,基於2025年市銷率5倍的估值。
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