《大行報告》富瑞上調金蝶國際(00268.HK)目標價至20.24元 評級「買入」
富瑞發表研報指,金蝶國際(00268.HK)去年下半年收入按年增長16%,當中雲端業務收入增長34%,增速與上半年相若,期內毛利率達到62.4%,超出該行預期。
富瑞認為,期內金蝶雲蒼穹和金蝶雲星瀚發展向好持續新增客戶,在項目延期下仍成為雲端業務最大增長動力,認為市場對競爭加劇感到過度擔憂,又指有關華為進入市場的消息影響不大,仍然維持公司2025年實現盈虧平衡的預測,相信金蝶投資主題未變,但今明兩年仍然錄得虧損可能成為重估的障礙,將目標價由20元上調至20.24元,維持「買入」評級。
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