《大行》中銀國際升中軟國際(00354.HK)目標價至7.6元 AI驅動增長推動收入與利潤擴張
中銀國際研究報告指出,中國軟件國際(00354.HK)今年上半年業績良好,收入與毛利率符合預期,營運利潤率及淨利潤均超預期按年提升。管理層樂觀指引今明兩年全場景AI業務收入增長,預期由開源鴻蒙物聯網、AI智能體及ERP業務推動,預計到2026年相關業務收入佔比將達到約20%。管理層還預計基石業務(即IT外包相關)需求下半年持續回暖。
中銀國際維持公司今年每股盈利預測基本不變,但將2026、2027年每股盈利分別上調5%、6%,以反映AI收入增長加速及鴻蒙物聯網在全國範圍內加快滲透。維持「買入」評級,基於2026年20倍市盈率,目標價從5.6港元上調至7.6港元。
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