《大行》美銀證券上調微盟(02013.HK)目標價至2.7元 重申「中性」評級
美銀證券發表報告,指微盟(02013.HK)中期收入跌11%至7.75億元人民幣(下同),符合市場預期,non-GAAP層面扭虧,經調整淨利潤1,700萬元,較去年同期虧損1.87億元改善,亦勝於市場及該行預期的逾1億元人民幣虧損,受惠利毛利率改善及有效成本控制。管理層目標現財年non-GAAP層面收支平衡。
該行上調對公司今年至2027年經調整淨利潤預測至3,400萬、1.01億及1.9億元,目標價由2.4港元上調至2.7港元,對公司軟件即服務(SaaS)目標市銷率由5倍上調至6倍,基於該部分盈利能力改善。該行重申對微盟「中性」評級,基於軟件即服務業務收入復甦或需要時間。
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