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《大行報告》高盛首予明源雲(00909.HK)「沽售」評級 目標價5元
阿思達克 09-06 15:20
高盛發表報告,指即使明源雲(00909.HK)股價年初至今累跌約64%,惟基於近期持續壓力來自於房地產市場頹勢,該行認為其經營展望仍富挑戰性;加上,公司對新產品的大量投資或拖慢其增長動力,並隨著應收賬款和撇帳增加,造成利潤率壓力。 該行預料,公司積極研發新平台Skyline PaaS,國企開發商對IT需求增加,以致其毛利率承壓,故該行料公司下半年收入按年跌8%,經調整營運利潤率按年料跌4.4個百分點;該行指,收緊房地產行業的政策可能會繼續降低明年及以後銷售和投資可見度。 該行首予其投資評級為「沽售」評級,目標價5元。
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