Minsheng securities released a research report on January 29, saying that it maintained the recommended rating of Sangfor Technologies Inc(300454) (300454. SZ). The reasons for rating mainly include: 1) the limited budget of downstream customers + the company's adherence to long-term strategy mapped to the slowdown of revenue growth; 2) Adhere to xaas as the core, and it is expected to turn to subscription system in the future. Risk tip: cloud transformation is not as expected; The repeated and continuous epidemic situation has led to the limited budget of downstream customers; The channel construction was not as expected.
AI comments: Sangfor Technologies Inc(300454) got three research reports of securities companies in the past month and bought one.
