On July 22, Guolonghui reported that a report from Lyon pointed out that the demand for information technology services was affected by macroeconomic uncertainty and slowed down. It is expected that the revenue of Chinasoft International will increase by 4.4% annually, and the company is currently improving efficiency to maintain gross profit. However, the decline in operating leverage and other income is expected to affect gross profit, so the forecast for the company's net profit has been lowered to 0.77 billion yuan, which still represents an annual growth of 9%. The forecast for the first half of the year is expected to increase by 3% annually. The bank proposes that the company is striving to maintain net profit growth, but no catalysts have been seen to drive revenue up. The bank lowered the company's target price from HKD 6.3 to HKD 5.2, maintaining a "outperform" rating.
- Headlines
- Major rating downgrade|Lyon: lowers chinasoft int'l's target price to HKD5.2, maintains 'outperform' rating
大行评级|里昂:下调中国软件国际目标价至5.2港元 维持“跑赢大市”评级
Major rating downgrade|Lyon: lowers chinasoft int'l's target price to HKD5.2, maintains 'outperform' rating
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