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

Reuters

01-21

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

** 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))

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