Venustech's Strong 2020 Earnings Could Reassure Investors -- Market Talk
Venustech's Strong 2020 Earnings Could Reassure Investors -- Market Talk
DJ Venustech's Strong 2020 Earnings Could Reassure Investors -- Market Talk
DJ Venustech 2020年強勁的收益可能會讓投資者放心--市場談話
0355 GMT - Venustech Group's strong earnings over the past year will likely appease some recent investor concerns about the company's competitive advantage and growth momentum, Citi says. It keeps a buy rating and CNY45.50 target price on the stock. The Chinese network security company's revenue jumped 18% in 2020, beating expectations, thanks to surging income from its new businesses in the fast-growing cloud and industrial-internet sectors. Investors have been selling off the stock due to the 3Q revenue growth slowdown, but Citi says the full-year results show that Venustech is capable of maintaining its growth momentum, which should boost market confidence in its 2021 outlook. Shares jump 7.6% to CNY33.92. (yifan.wang@wsj.com)
0355GMT-花旗稱，Venustech Group過去一年的強勁獲利可能會安撫投資者近期對該公司競爭優勢和增長勢頭的一些擔憂。該公司對該股的評級為買入，目標價為人民幣45.50元。得益於其在快速增長的雲和工業互聯網領域新業務的收入激增，這家中國網絡安全公司2020年的收入躍升了18%，超出了預期。由於第三季度營收增長放緩，投資者一直在拋售該股，但花旗表示，全年業績表明Venustech有能力保持增長勢頭，這應該會提振市場對其2021年前景的信心。股價上漲7.6%，至人民幣33.92元。(yifan.wang@wsj.com)
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March 02, 2021 22:55 ET (03:55 GMT)
2021年3月2日22：55美國東部時間(格林尼治標準時間03：55)
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