Core Viewpoint - China Soft International (00354) is experiencing a decline of over 5%, currently trading at HKD 6.17 with a transaction volume of HKD 280 million. The company plans to hold a board meeting on August 25 to discuss its mid-term performance [1] Group 1: Company Performance - The report from Credit Lyonnais indicates that the long-term development trend of China Soft International remains unchanged, with expectations that the launch of Huawei's HarmonyOS personal computers will drive the virtual machine business to become a key focus for growth this year [1] - Credit Lyonnais anticipates a slight improvement in gross margin for China Soft International, benefiting from the rapid growth of high-margin businesses, with projected revenue and net profit growth of 10.5% and 10.1% year-on-year for the first half of the year, respectively [1] Group 2: Market Outlook - The rating for China Soft International has been downgraded from "Highly Confident to Outperform" to "Outperform" due to the current valuation not being cheap, while the target price has been raised from HKD 6.5 to HKD 7.1 [1] - It is expected that large-scale procurement orders from the government and state-owned enterprises for Huawei's new PCs will not materialize until the end of this year or next year, leading to a downward adjustment of the 2025 revenue growth forecast from 10% to 7.6%, reflecting a delay in revenue contribution from its virtual machine products [1]
港股异动 | 中软国际(00354)现跌超5% 公司下周一将发业绩 机构称虚拟机业务贡献收入仍需时间