大行評級|大和:上調萬國數據目標價至49港元 預期無需融資支撐90億元資本開支
大和發表研報指,萬國數據2024財年第四季業績中,提到有關資本開支指引及新合同定價是焦點所在,因為新訂單的獲得引發了市場對萬國數據資金策略的疑問。大和認為,萬國數據有充足的渠道於今年完全資助高達90億元的資本開支,而無需依賴股權融資。若新訂單超出預期,該行認為萬國數據或會進一步發行可轉換債券,儘管這將意味未來2至3年的公司收入增長率加快。
大和將萬國數據2025至2026財年的每股盈利預測下調11%,重申對該股的“買入”評級,並將其H股目標價由46港元上調至49港元。
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