HK-listed Chinasoft at 3-week high; Citi lifts PT on business recovery

Chinasoft International

21/01/2025 07:38

** Hong Kong-listed software and IT services provider
Chinasoft International  0354.HK  rises as much as 5.7% to
HK$5.19, highest since Dec. 31, 2024
    ** Stock set for biggest one-day pct rise since Nov. 5, 2024
    ** Citi keeps "neutral"; raises PT to HK$5.1 from HK$4.1 to
reflect further progress in emerging business in HarmonyOS
applications and AI agent
    ** Says, "2025 likely a year of recovery, driven by business
optimization and emerging business"
    ** Adds HarmonyOS applications, AI engine/agent development
for Huawei and other enterprise clients seen to be supportive
drivers
    ** Stock dropped 13.4% last year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))