《大行報告》大和首予微盟(02013.HK)「買入」評級 目標價16元
大和發表研究報告指出,監於中國零售業的數碼化及全渠道戰略,將電商領域擴展至包括電商軟件即服務(SaaS)公司。而電商SaaS公司的股價今年經歷過山車,該行認爲隨着中國零售業數碼化,目前是長線投資者重新審視和積累相關股份的機會。
該行指出,微信解封對淘寶及抖音的連接,以及電商SaaS公司今年的商戶流失率高於預期,令電商SaaS公司收入增長預測重置,其估值已降至疫情前水平。而市場對騰訊(00700.HK)及阿裏(09988.HK)拆除「圍牆花園」將削弱對第三方數碼商務解決方案的需求過於憂慮,雖然用戶愈來愈易交換產品信息,但微信和淘寶之間的聯繫不太可能緩解商戶在線上平臺爲獲取更多客戶而增加的成本。
此外,該行相信疫情的封鎖加快零售商的數碼化計劃,增加電商渠道,以及用戶對電商軟件的上行需求,預測2021至2022財年強於預期的商戶增長將引發對電商SaaS公司的重評。該行首次覆蓋微盟(02013.HK),給予「買入」評級,目標價16元,認爲市場未完全發掘出微盟於中國數碼商務解決方案中所佔的市場份額潛力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.