金吾财讯 | 摩根士丹利发研报指，由于下游房地产市场不景气，可能会继续为明源云(00909)的收入增添压力，尤其是对明源云最大的收入贡献来自客户关系管理云端服务（CRM Cloud）。虽然该公司在成本控制方面已见进展，但大摩认为仍不足以克服下游的影响。尽管该行看好数码化的长远趋势，但对明源云未来的业务发展仍持审慎态度。该行将终止最公司覆盖，将明源云目标价由2.8港元下调36%至1.8港元，最终评级为“与大市同步”。
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