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业绩承压、遭机构做空,金蝶国际股价大跌13%

99真人赌博 第一财务

金蝶国际2019年(香港00268)并不十分平和。 7月8日,该公司股价暴跌,下跌13.53%,收于6.90港元。

金蝶国际在前一个交易日发布了看跌的业绩预测。预计2019年上半年收入将在14.71亿元至15.35亿元之间,同比增长15%至20%;预计2019年上半年公司股东应占利润将在1.02亿元至1.19亿元之间。减少30%至40%。

金蝶国际将利润下降归因于云转型。在业绩预测中,金蝶国际表示,2019年上半年云服务收入在5.33亿元至5.68亿元之间,增幅约为50%至60%。该公司加速云转型的战略增加了对金蝶云的战略投资,并对利润造成压力。

机构降低了金蝶国际的目标价。中金公司的一份报告指出,金蝶云业务的强劲增长将对金蝶的利润构成压力,维持“中性”评级并将目标价下调22%至7港元;花旗集团将把金蝶的国际评级从“买入”降至“买入”。中性,目标价下调32.2%至8港元。

房子看似无穷无尽的雨。看跌表现报告后,金蝶国际再次受到卖空机构的攻击。 David Webb发表文章称,该公司董事长兼大股东徐少春于6月20日(业绩结束前10天)减持股权,并兑现5.04亿港元。

根据香港联交所上市规则,公司董事在公布年度业绩前60日内,不得在公布结果前30日内买卖公司股票。这不是大卫韦伯第一次售完金蝶。今年3月,他指出,金蝶的主要利润来自税收减免,政府补贴和相关交易。

A series of bad news is the reason why Kingdee's share price plummeted on July 8. For David Webb's short-selling report, Kingdee International responded that the reduction did not violate the listing rules. The shareholding reduction accounted for less than 10% of Xu Shaochun's individual shares. This is the first time Xu Shaochun has reduced its shareholding in ten years. In late March or even earlier, Xu Shaochun hoped to deal with the debt left by privatization as soon as possible, and there will be communication with brokers and other institutions in the future. This part has corresponding records. The use of funds is mainly for the settlement of related loans, as well as personal funding needs such as charitable activities.

Profit pressure is a common problem of cloud service companies. Taking Kingdee International's main product ERP as an example, Guangzheng Hengsheng pointed out that the cost of purchasing a large ERP software product is 2.5 million yuan to 5 million yuan, and it is changed to cloud service. After the SAAS product, the enterprise only needs to pay 250,000 to 500,000 yuan per year to obtain the corresponding services, and save a series of expenses such as computer room construction, hardware purchase, software implementation, and customized development.

But the pressure has shifted to cloud service providers, and cloud services are still in the investment stage, failing to achieve profitability. Kingdee CFO Lin Bo once said in an interview with the First Financial News, "Kingdee is investing in the future, and does not require cloud business to be profitable immediately. It is important to point out that our net interest rate is improving. The pressure to transform into the cloud is great. Stress is also our driving force, and the group works together to achieve this goal.”

There are also institutions that sing more Kingdee. A report from Tianfeng Securities pointed out that the reasons for the fluctuation of Kingdee's international profits are short-term factors. The company's long-term value core cloud business is optimistic. Under the impetus of technological changes and domestic substitution, Kingdee International is optimistic about the industry's blue ocean of super-large and large enterprises. maintain a Buy rating on Kingdee International.

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