[ET Net News Agency, 10 November 2020] Jefferies Research lifted its target price for
Weimob Inc (02013) to HK$16 from HK$15 and maintained its "buy" rating.
The research house noted key takeaways from a group investor call, namely (1) Weimob
creates high entry barriers in SaaS with in-depth industry knowledge and solutions across
the entire value chain, adding value to both small and large accounts; (2) smart catering
and retail are expected to undergo fast growth momentum; (3) Tencent (00700) educates and
enlarges the market for mini-program SaaS; (4) fast growth momentum in gross billings in
targeted marketing from Tencent and Douyin.
Jefferies estimated total revenue to grow 71%/49% in 2020/2021 respectively, of which
SaaS is expected to grow 26%/57% as SaaS was affected by server sabotage in 1H. (KL)
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02013 WEIMOB INC
Nominal 
1.350 +0.140 (+11.570%) Research Report
10/11/2020 11:26
{I-bank focus}Jefferies lifts Weimob Inc (02013) to HK$16
| Remark: | Real time quote last updated: 24/04/2024 12:17 |
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