《大行報告》美銀證券降萬國數據(09698.HK)目標價至14.6元 評級「買入」
美銀證券發表研究報告指,萬國數據(09698.HK)第三季業績符合預期,收入按年增6.4%至25.2億元人民幣,經調整EBITDA升5.6%至11.3億元人民幣。管理層維持2023財年的相關財務指引。基於第三季公用事業成本上升,該行將集團2024至25財年的經調整EBITDA預測下調3%,目標價由14.8元下調至14.6元,重申「買入」評級,以反映內地積壓訂單逐步交付和東南亞產能的快速提升,令增長可見度較高。
該行表示,集團管理層的目標是透過選擇性的產能擴張和較高的客戶流入可見度,穩定增長EBITDA,並在內地業務融資前保持正現金流。對於國際業務,管理層指,在接下來的數個季度將錄得巨大的新訂單貢獻。
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