China soft International (00354.HK) has been downgraded its earnings forecast and target price by Credit Suisse. The stock is as low as 8.13 yuan today, an eight-month low, and is now trading at 8.2 yuan, down 8.3%, to 42.61 million shares, involving an investment of 354 million yuan.
Credit Suisse lowered its target price of Sinoft International from 15.6 yuan to 12.9 yuan, maintaining its "outperform" rating. At the same time, the company's earnings per share forecast for 2021-2023 was lowered by 15% Mel 18%, reflecting a relatively stable gross profit margin and higher-than-expected operating expenses, but it is believed that Sinoft International will benefit from the increase in China's information technology outsourcing, Hongmeng system and Huawei cloud business growth.