标题：Wangsu Science & TechnologyPartnership with Cisco to fuel expansion of overseas business
发布日期：2015-11-02 10:57:46
内容： Buy reiterated. Wangsu has secured a leading position in its core business, and is gradually expanding from CDN market into the more vast cloud computing market. Besides, it is trying the B2B2C business model in community cloud services to meet the growing demand for network services, and the partnership with Cisco stands to fuel the development of its CDN business in overseas market. Consi deri ng development of the Company’s CDN business, cloud computi ng busi ness and traffic management plat form business, we expect Wangsu to become an important Internet equipment provider in the long run. As the Company’s agreement with Cisco is only a framework agreement, we maintain its 2015-17E EPS forecast of Rmb1.05/1.76/2.77, and reiterate BUY rating with a target price of Rmb89.75.
发布日期：2015-11-02 10:57:46
内容： Buy reiterated. Wangsu has secured a leading position in its core business, and is gradually expanding from CDN market into the more vast cloud computing market. Besides, it is trying the B2B2C business model in community cloud services to meet the growing demand for network services, and the partnership with Cisco stands to fuel the development of its CDN business in overseas market. Consi deri ng development of the Company’s CDN business, cloud computi ng busi ness and traffic management plat form business, we expect Wangsu to become an important Internet equipment provider in the long run. As the Company’s agreement with Cisco is only a framework agreement, we maintain its 2015-17E EPS forecast of Rmb1.05/1.76/2.77, and reiterate BUY rating with a target price of Rmb89.75.
