大行評級|高盛:上調金蝶國際目標價至14.2港元 相信人工智能能力使其更容易吸引新客户
高盛發表報吿,金蝶國際全面接入DeepSeek大模型,降低推理成本提升效率。該行認為企業應用是較早反映大規模人工智能模型優勢的領域,該模型具有基於企業數據庫生成新內容的能力,DeepSeek模型的推出提供了具有較低API Token成本和更高資料安全等級的解決方案。
該行相信人工智能能力使金蝶更容易吸引新客户,該公司將通過與多個人工智能基礎模型的合作,繼續開發新的人工智能應用場景。該行上調金蝶估值基礎,由原先預測2025年市銷率4.5倍升至5.2倍,以反映軟件同業最新市銷率估值倍數。以現金流折現率計,目標價由原先12.7港元升至14.2港元,相當於預測今年市銷率5.6倍,低於歷史均值,並認為現估值吸引,維持“買入”評級。
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