CITIC Lyon: CHINASOFT INT'L (00354) Expected to See 109% YoY Growth in AI Business This Year, Maintains "Outperform" Rating
Stock News
Sep 18
CITIC Lyon issued a research report stating that CHINASOFT INT'L (00354) participated in an investor forum last week and shared a more optimistic outlook. The group's management expects its AI business to grow 109% year-on-year this year, which will help improve gross margins. The report indicates that CHINASOFT INT'L believes the government's goal is to build smart cities based on the HarmonyOS system. The company has already signed contracts with the Xi'an government and has other projects in progress. The firm maintains its "outperform" rating on CHINASOFT INT'L with a target price of HK$7.5.
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