Glonghui, January 9 | Morgan Stanley released a report stating that considering that the recovery of Huawei's outsourcing revenue was slower than expected, China Software International's revenue forecast for 2023 to 2025 was lowered by 5.1%, 8.7%, and 8.4%, respectively. As a result, the bank lowered China Software International's adjusted operating profit by 5.1%, 8.7%, and 8.4%, respectively, during the same period, while maintaining the gross margin assumption unchanged. Earnings per share forecasts were lowered by 5.4%, 9.1%, and 8.5%, respectively. The bank lowered the target price of Chinasoft International from HK$8 to HK$7.3, and the rating was “increased”.
大行评级｜大摩：下调中软国际目标价至7.3港元 评级“增持”
Big Bank Rating | Damo: Lowering Chinasoft International's Target Price to HK$7.3 to “Increase in Wealth”
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