Credit Suisse reported raising 00354.HK 's earnings per share growth forecast for 2022 and 2023 by 2 to 4 per cent to reflect higher revenues, mainly due to the acquisition of Huawei and other big customers under Hongmeng and digital trends. The target price was raised from 12.2 yuan to 15.5 yuan, with a rating of "outperforming the market".

Credit Suisse pointed out that Sinoft International's revenue guidance for this year is 25% to 30% annual growth, profit guidance is 30% annual growth rate, while IT outsourced annual compound growth rate is 15%, while emerging businesses have an annual compound growth rate of 50% to 60% within three years. Hongmeng's contribution will increase from 30 to 40% in the future. Another Ping an and Tencent are potential big customers, which will reach 100 million US dollars in the near future. Management also expects four to five major customers with contributions of more than $100m in the future, as well as strong potential from new customers such as pinduoduo, Meituan and Xiaomi. The bank believes that Sinoft International is one of the main beneficiaries of the digitisation trend and that gross margins will improve under a better business portfolio.