Future asset Maintenance Hi-German software buy rating target price 27 USD

Sina Science and technology news Beijing time August 18 morning, the future asset securities issued an investment report today, to maintain the "buy" (buying) rating of the software stock, the target price raised to 27 U.S. dollars. The following is a summary of the report: We believe that the market underestimates the true value of the high quality software, because it fails to realize that the software has a duopoly, so it has a certain pricing power.　　The Gold software released its second-quarter earnings in Wednesday, the total revenue was 4% and 1% per cent lower than we had expected, compared to our expectations, but the three indicators were 12%, 18% and 32% higher than the average Wall Street analyst forecast for 5%,SBC. When Dimau profit rose 0.9% to 71.7%, it was above our expected 69.2%.　　The software also raised its full-year revenue forecasts for 2011, from $120 million trillion to $122 million to $125 million, and raised its operating margin forecasts from 2010 to oddities in 2010.　　High-speed software from the wireless internet and public sector revenue has been strong growth, while higher annual revenue forecasts to show the company's confidence in its performance.　　Business margins are 3.1% lower than we expected, but 1.7% higher than average analysts expect. The gold price is 8.6 times times the 2012-year earnings ratio, and the return is attractive.　　But the rise depends on the success of the transition from business-to-business to Business-to-consumer or B2B2C. We maintain a "buy" rating on the premium software stock, with the target price raised to 27 dollars. (Xuan Chen)