新意網 (1686.HK): 業績表現符合預期,唯毛利率進一步惡化 October 4, 2018

投資概要

新意網是香港領先的電訊運營商中立數據中心營運商。新鴻基地產(16.HK)持有74.04% 股權。2018年業績表現理想,除毛利率外,亦基本符合我們早前的預測。另外,集團 正對對工業邨分租規管提出司法覆核,假如成功,將有助提升Mega Plus在香港的地 位。考慮毛利率惡化、利息支出上升及強勁收入增長等因素,我們給予目標價為$5.72 港元,並下調評級至“增持”,潛在升幅約9.79%。(現價截至10月2日)

About the author

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Terry Li
Investment Analyst

Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.

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