[ET Net News Agency, 7 July 2021] Macquarie initiates coverage of BC Tech Group (00863)
with a target price of HK$29 and an "outperform" rating.
The research house said the company used its modular trading platform and experience in
licensing to offer SaaS service to financial institutions. It believes the SaaS business
will help monetize the R&D investments and it estimates the SaaS revenue, which includes
trading fees and service fees, could grow to RMB1,200m in 2025E from a mere RMB9m in 2020
and account for 48% of the total revenues. (RC)