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原文发表于美国时间2021-4-6
发生了什么事情?
法国科技公司源讯公司在上周四宣布审计师发现了两个财务报表上的小错误,其股价暴跌。
这意味着什么?
审计师们会定期检查公司的财务报表以确保(报表的信息)不会误导投资者。
多数时间报表一切正常,不过他们/她们在源讯公司遇到了糟糕的惊喜。
源讯公司的两个美国部门——这两个部门去年贡献了源讯公司销售额的11%——相关的报表上如何统计客户营收存在错误。
虽然这一错误远无法与审计师们去年在支付应用公司Wirecard处发现的20亿美元审计黑洞相比,同时源讯公司很快指出财报上的错误并非关键性错误,不过损害已经造成。
投资者讨厌公司财报数据的可信度存在任何不确定性:他们推动源讯公司的股价下滑了12%。
为何值得关注?
对于市场而言:财务报表错误=潜在的泡沫麻烦
一些假数据可能意味着投资者面临更大的问题:投行高盛近期的分析报告显示会计丑闻历来是市场泡沫重燃的迹象。
不过,目前就拉响警报并强行卖出可能为时尚早:高盛承认丑闻可能随时出现,并且目前其他八个泡沫指标也没有足够的证据表明股市面临迫在眉睫的风险。
更大的图景:除了源讯公司外,大家均在并购
源讯公司谈判收购美国竞争对手DXC科技公司的交易破裂后,该公司的股价一直在下滑。若源讯公司与DXC科技公司合并,将会成为与SAP和埃森哲公司比肩的云计算和咨询巨头。
不过,投资者认为对于急需完成并购交易的源讯公司而言,并购目标太大了。现在会在源讯公司的伤口上撒盐的事情是,上季度的公司并购行为升至20年来的最高水平。
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这篇文章已被翻译成中文。原英文作者Finimize。如英文版本和中文版本之间有任何不一致,以英文版本为准。该文章中的分析仅为提供信息,不是也不应该被视为推销或招揽购买任何证券。文章中讨论的一般市场活动、行业或领域趋势、或其它基于广泛的经济或政治条件的内容,不应被解释为研究结果或投资建议。讨论中提及包括的特定证券、商品、货币、或其它产品均不构成IB推荐购买,出售或持有此类投资的建议。本材料不是也不意图针对个别客户的特定财务条件、投资目标或要求。在根据本材料采取行动之前,您应该考虑是否适合您的具体情况,并在必要时寻求专业建议。
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本文标题:盈透证券:法国科技公司的滑铁卢
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