Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$Accenture (ACN.US)$In Thursday's trading, the stock rose over 10% to a high and is now up 5.76%, at $301.79. This positive performance is due to the company's financial Q3 earnings report. According to the report, the company's Q3 revenue increased slightly from the same period last year, from $16.565 billion to $16.467 billion, although slightly lower than FactSet's expected $16.548 billion; net income was $1.934 billion, with an EPS of $3.04, slightly lower than $2.012 billion or an EPS of $3.15 for the same period last year.
In its latest financial report, Accenture announced that its third-quarter new bookings soared to $21.1 billion, a significant increase of 22% from the same period last year. In addition, the company's new bookings in the generative AI field broke the $900 million mark this quarter.
Accenture CEO Julie Sweet emphasized two important achievements the company achieved this quarter at a press conference: "We not only accumulated $2 billion in sales revenue for generative AI, but also achieved a breakthrough in revenue of $500 million -- these two achievements highlight our leading advantage in this transformative technology."
"In new businesses, we achieved strong new bookings of more than $21 billion, a year-on-year increase of 22%, which further consolidated our position as the preferred restructuring partner. This quarter, orders from 23 customers exceeded $100 million, bringing the total number of such large orders to 92," Sweet said.
Looking ahead, the company expects revenue for the fourth quarter to be between $16.05 billion and $16.65 billion, slightly lower than FactSet's expected $16.53 billion. For the entire fiscal year, Accenture expects adjusted EPS to be between $11.85 and $12.00, while FactSet predicts $12.09, down from the previous forecast of $11.97 to $12.20.
Although Accenture's stock has fallen 18.7% this year, in stark contrast to the S&P 500's 15% gain, the company's strong booking performance in the field of artificial intelligence is undoubtedly a shot in the arm for its long-term growth prospects.
Overall, Accenture's third-quarter earnings report and market response highlight the effectiveness of the company's strategic investment in digital transformation and AI applications. As the company continues to delve deeper into these areas, investors have reason to be optimistic about Accenture's future development.