Chinasoft International Ltd (CFTLF)

[StockpickerCAPC]

China Software International rose more than 5%, its subsidiary Shenzhen Kaihong wins Huawei Hubble capital injection, Goldman Sachs sings more.

source
https://cj.sina.com.cn/articles/view/5115326071/130e5ae7702001juxw

December 28, 2021 10:08 Gelonghui APP

China Software International rose more than 5% to 10.2 Hong Kong dollars, with a total market value of 31.3 billion Hong Kong dollars. On the evening of December 23, Chinasoft International issued an announcement on the transaction of Shenzhen Kaihong. The company entered into an equity transfer agreement with Shenzhen Kaihong Company. At the same time, it also entered into an agreement with Yixin Technology, Huawei Hubble Investment, Hongju Innovation and other parties. Senior Kaihong signed a capital injection agreement totaling 200 million yuan. ChinaSoft International's stock price fell sharply the day after the announcement. On the 24th, ChinaSoft International held a conference call between management and investors to give a detailed interpretation of the announcement. ChinaSoft International has obtained the dual certification of "Huawei + Hubble Investment" through the operation of Shenzhen Kaihong. Goldman Sachs expects that Shenzhen Kaihong will bring more business opportunities to Chinasoft International, so it remains positive on the stock. The target price of HK$23.6 remains unchanged, and the list of sure buys is continued.