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Wangsu Science & TechnologyTrum

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标题:Wangsu Science & TechnologyTrumping expectations again-3Q15 Earnings Guidance Comments
发布日期:2015-10-19 14:56:27
内容: BUY reiterated. Wangsu has secured a leading position in its core business, and it is gradually expanding from CDN market to the more vast cloud computing market. Besides, Wangsu has start ed to build the B2B2C business model via community cloud services; and development of its CDN business in the overseas market is gaining momentum. Considering growth of the CDN business, cloud computing business and traffic management platform, we expect Wangsu to become an important Internet equipment provider with annual revenue of above Rmb10bn and market cap of above Rmb100bn in the long run. We maintain its 2015-17E EPS at Rmb1.05/1.76/2.77, and reiterate the BUY rating with TP of Rmb89.75.


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