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《大行》瑞銀升金山雲(KC.US)目標價至14美元 料2027年實現盈利
瑞銀發表研報指,金山雲(03896.HK)(KC.US)持續增加於人工智能(AI)相關業務的佈局,相信可受惠於不斷增長的大語言模型訓練和推理需求,在小米(01810.HK)生態及第三方客戶持續擴展的支持下,預期公有雲業務收入可扭轉跌勢,重拾增長。 憧憬AI業務收入佔比提升及規模效應所帶來的成本效益,瑞銀預金山雲非公認會計原則經營虧損率將收窄,並可望於2027年實現盈利。展望第二季及今年全年,該行預期在AI驅動公有雲需求強勁增長,將推動其收入將增長22.4%及18.7%,非公認經營虧損率料達到5.6%及4.2%,給予金山雲(KC.US)「買入」評級,目標價從12.5美元上調至14美元。
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