SoftCare Shareholders Transfer Stock Holdings to GF Securities Hong Kong with Custodial Value of HK$2.52 Billion

Stock News
04/10

According to the latest data from the Hong Kong Stock Exchange, on April 9, shareholders of SoftCare transferred shares to GF Securities Hong Kong, with a custodial value of HK$2.52 billion, accounting for 12.22% of the company's shares. A research report from CICC noted that considering the optimization of SoftCare's product structure, it has raised its net profit forecasts for 2026 and 2027 by 4% and 5% to US$141 million and US$162 million, respectively. The current stock price corresponds to a P/E ratio of 17 times for 2026 and 15 times for 2027. The report maintains an Outperform rating and a target price of HK$40.0, which implies P/E ratios of 23 times for 2026 and 20 times for 2027, representing a potential upside of 34% from the current share price.

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