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Friday, 04/29/2022 6:20:55 PM

Friday, April 29, 2022 6:20:55 PM

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Lyon: First to China Software International (00354) with a “Buy” rating and a target price of HK$10.


April 29, 2022 13:58 Zhitong Financial Network

Lyon released a research report saying that it first gave China Software International (00354) a “buy” rating with a target price of HK$10. The company will spend more resources on emerging businesses and Huawei’s software ecosystem plan. Policy support for rising digitization and cloud usage is expected to reach a CAGR of 21%/29% in 2022-24.

The bank believes that the company, as a comprehensive information technology service provider, has the expertise to provide "end-to-end" information technology solutions for major customers. With the policy support of economic digitalization, the demand for information technology services is rising.