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Chinasoft International's Expansion Into Cloud Business Looks Promising -- Market Talk

Chinasoft International's Expansion Into Cloud Business Looks Promising -- Market Talk

中软国际进军云业务前景看好--市场热议
Dow Jones Newswires ·  2021/03/29 22:46

DJ Chinasoft International's Expansion Into Cloud Business Looks Promising -- Market Talk

DJ中软国际进军云业务前景看好--市场热议

0246 GMT - Chinasoft International's solid expansion into the booming cloud business will likely underpin a promising growth outlook for the software developer, Citi says. The bank keeps its buy rating with an unchanged target price of HK$10.00. Chinasoft delivered a 26% profit growth in 2020, mainly driven by surging income from its cloud solution products. Citi is positive on Chinasoft's increasing shift toward the fast-growing cloud industry, which would offer more growth opportunities than its traditional software business. The stock's valuation also looks undemanding and attractive, Citi adds. Shares are up 4.4% at HK$7.87. (yifan.wang@wsj.com)

0246GMT-花旗表示，中软国际(ChinaSoft International)向蓬勃发展的云业务的稳步扩张，可能会支撑这家软件开发商前景看好的增长前景。该行维持买入评级，目标价不变10.00港元。ChinaSoft在2020年实现了26%的利润增长，这主要是受到其云解决方案产品收入激增的推动。花旗对中软日益转向快速增长的云计算行业持乐观态度，这将提供比其传统软件业务更多的增长机会。花旗补充说，该股的估值看起来也不是很苛刻，也很有吸引力。该公司股价上涨4.4%，至7.87港元。(yifan.wang@wsj.com)

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March 29, 2021 22:46 ET (02:46 GMT)

2021年3月29日美国东部时间22：46(格林尼治标准时间02：46)

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