HK Stock Market Move | ChinaSoft International (00354) rose more than 4% at the close of trading, as demand for self-controlled products has been released, potentially driving the company's business to exceed expectations.

date
16/09/2024
avatar
GMT Eight
Chinese software international (00354) rose more than 4% in the final trading session, rising 3.74% as of press time to HK$3.88, with a turnover of HK$52.3951 million. On the news front, the 9th Huawei Full Connect Conference with the theme of "Win-Win Industry Intelligence" is set to be held in Shanghai from September 19th to 21st. Analysis points out that the acceleration of HarmonyOS ecosystem construction, as well as the continued empowerment of Ascend computing ecosystem, are expected to drive various industries towards autonomy and localization. In addition, CMSC stated that the work of the nation's mapping industry continues to progress, with potential improvements in funding issues. Guotai Junan pointed out that Chinese software international's performance is gradually stabilizing, with continued strengthening of cost control, multiple emerging businesses blossoming, and a market recovery approaching. The bank noted that the company is actively promoting the implementation of autonomous and controllable products and services in all major business areas. With the continued release of autonomous and controllable demand from key industry customers, the company's business is expected to achieve better-than-expected development.

Contact: contact@gmteight.com