December 15, 2021 11:03 Zhitong Finance APP
Zhitong Finance APP learned that Goldman Sachs released a research report stating that it reiterated the “Buy” rating of China Software International (00354). 20%/18%, the operating profit margin will be adjusted from 7.5% in 2021 to 13.2% in 2025, and the target price will be raised from HK$21.81 to HK$23.6.
According to the report, after Chinasoft International’s rating was upgraded to “Buy” in July, the revenue of cloud services that provide financial institutions and governments with big data services is expected to increase by 1-5% in 2022-25. Therefore, this time Increase the target price. As confidence in the outlook for 2022-23 increases, especially the diversified customer base and business upgrades, the stock is added to the list of sure buys. In addition, despite the low profit margin of IT services, strong demand and policy-driven, it is expected that the company's fundamental structural upgrade will support future revenue growth.
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