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袁鉅文先生 (Aman Yuen)
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金融經濟系畢業, 從事股票衍生工具投資工作已有十年, 善於技術分析及期權買賣策略.歡迎各位來電交流心得
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中國軟件國際(354.HK)

Tuesday, June 13, 2017 Views7735
中國軟件國際為中國軟體和資訊技術服務綜合競爭力十強企業之一,業務主要分為市場提供技術與專業服務(TPG)及互聯網諮詢科技服務(IIG),並覆蓋電信、金融、互聯網等多個行業。

2016 年,公司收入按年增長32.3%至67.8 億元人民幣,淨利潤增長57.9%至4.4 億元,每股基本盈利同比增長44.8%至0.2人民幣。調整其中非經營因素和一次性損益影響的數字,淨利潤增長96.2%值4.9 億元人民幣,均優於市場預期。

收入增長主要是TPG 業務收入增長45%至54.8 億元,因來自華為的業務收入大增,收入占比由2015 年的38.1%提升至2016年53.6%。隨著華為業務將繼續穩健增長。有助於未來公司收入增長。
 
此外,公司2016 年已成為滙豐在中國地區唯一指定戰略合作夥伴,成功競標其全球項目,當年其營收貢獻即翻番,顯示公司技術得到高度認可。公司亦成為騰訊雲最高級別的管道合作夥伴,雙方合作共建“互聯網+”企業生態體系。
 
隨著各業績快速成長預期。我們給予公司2017年每股收益與同業平均相約的24倍估值,維持“買入”評級,短期 $4.3買入,短期目標 $4.8,長期目標價為5.8港元,止蝕 $4.2。
 
本人為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之證券的所有相關財務權益。
 
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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