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《大行報告》麥格理降金蝶國際(00268.HK)目標價至16.5元 增長穩定評級「跑贏大市」
阿思達克 01-10 10:47
麥格理發表報告指,金蝶國際(00268.HK)早前公布去年初步業績,估計全年收入增長16.2%至17.2%,收入中位數為56.7億元人民幣,符合增長15%至20%的指引;淨虧損收窄至2.1億元人民幣,並在三年半的虧損後,於去年下半年恢復盈利;經營現金流達到6.3億至6.7億元人民幣,超出公司的目標6億元人民幣。雖然經濟復甦緩慢,影響去年第四季中型及大型企業的新簽合約,但小型企業需求仍然強勁。 因應內地經濟疲弱,該行將公司今明兩年的銷售額增長預測,由23%下調至16%。目標價下調25%至16.5港元,反映今年預測市銷率7.9倍,評級「跑贏大市」,仍然是該行內地SaaS板塊的首選。
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