Zhitong Finance App learned that SaaS concept stocks had the highest increase. As of press release, Denba (01753) rose 82.40% to HK$0.42; Xinyu Technology (09600) rose 16.09% to HK$1.01; and Yidu Technology (02158) rose 4.46% to HK$3.98.
According to reports, SaaS refers to software operation services. Currently, China's SaaS industry is in a period of rapid growth, and there is broad room for growth. According to data from a previous research report by Huaxi Securities, China's SaaS service market in 2021 was 32.26 billion yuan, an increase of 37.3% over the previous year. It is estimated that in 2023, China's SaaS service market will reach 55.51 billion yuan, an increase of 29.7% over the previous year.
Tianfeng Securities pointed out that domestic production and digitalization of central state-owned enterprises have significantly accelerated the opening up of demand space. If overall demand from private enterprises recovers, domestic SaaS is expected to usher in a gold demand cycle.