Yonyou's Prospects Look Brighter After Private-Placement Approval -- Market Talk
Yonyou's Prospects Look Brighter After Private-Placement Approval -- Market Talk
DJ Yonyou's Prospects Look Brighter After Private-Placement Approval -- Market Talk
DJ用友私募获批后前景看好--市场传言
0934 GMT - Yonyou Network Technology's plans for a private placement to raise up to CNY5.3 billion--recently approved by China's securities regulator--could help it accelerate investment in product development to entrench its position in serving the government and large state-owned enterprises, Nomura says. The software company has been ramping up R&D spending and expanding sales channels. "Although the current economic slowdown may weigh on overall IT spending, we think cloud transformation and domestic substitution will continue to buoy demand in the government and SOE market," Nomura says, adding that Yonyou is well-placed to benefit. The investment bank retains a buy rating and CNY54.00 target price. Shares rose 3.3% to CNY32.94, but are still 25% lower for the year. (clarence.leong@wsj.com)
0934GMT-野村证券表示，用友网络科技最近获得中国证券监管机构的批准，计划通过定向增发筹集至多53亿元人民币的资金，这可能有助于该公司加快产品开发投资，以巩固其为政府和大型国有企业服务的地位。这家软件公司一直在加大研发支出，扩大销售渠道。野村证券(Nomura)表示：“尽管目前的经济放缓可能会拖累整体IT支出，但我们认为，云计算转型和国内替代将继续提振政府和国企市场的需求。”他补充称，用友处于有利地位，有望受益。该投行维持买入评级和人民币54.00元目标价。该公司股价上涨3.3%，至人民币32.94元，但今年以来仍下跌25%。(clarence.leong@wsj.com)
(END) Dow Jones Newswires
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September 17, 2021 05:34 ET (09:34 GMT)
2021年9月17日东部时间05：34(格林威治时间09：34)
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