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Weimob Could Meet 1H Revenue Market Views on SaaS Strength -- Market Talk

Dow Jones Newswires ·  Jul 14, 2021 22:07

DJ Weimob Could Meet 1H Revenue Market Views on SaaS Strength -- Market Talk

0207 GMT - Weimob's 1H revenue growth could be in line with market expectations thanks to higher contributions from its software-as-a-service subscriptions, Citi Research says. The software company is expected to report 70% on-year growth in its 1H SaaS subscription revenue amid strong growth momentum from digitalization trends, Citi says. The U.S. bank expects Weimob's long-term growth to be driven by its expanded R&D team, which could develop more integrated products for consumers. Citi maintains a buy rating and HK$36 target price on shares, which are 3.5% lower at HK$12.24. (justina.lee@wsj.com)

(END) Dow Jones Newswires

July 14, 2021 22:07 ET (02:07 GMT)

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