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<Research>CLSA Prefers CHINASOFT INT'L/ KINGDEE INT'L; US-CN Dispute Not Reflected in CN Software Firms' Fundamentals Right Away
Recommend 11 Positive 14 Negative 10 |
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US President Donald Trump announced the implementation of controls on the export of critical software to China starting November 1, sparking strong market sentiment for "domestic substitution" in the Chinese software industry, CLSA wrote in its research report. Since "critical software" is not clearly defined and negotiations between the US and China are still ongoing, CLSA doesn't expect any immediate changes in fundamentals. Within its coverage, CLSA prefers CHINASOFT INT'L (00354.HK) and KINGDEE INT'L (00268.HK), as they are better positioned for "domestic substitution". Stock | Investment Rating | Target Price CHINASOFT INT'L (00354.HK) | Outperform | HKD7.5 KINGDEE INT'L (00268.HK) | Outperform | HKD17.6 AAStocks Financial News |
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