CLSA: China Software International (00354.HK) is expected to achieve a 109% year-on-year growth in AI business this year, and maintains a "outperform" rating.

According to the Wisdom Financial and Economic APP, Zhongxin Liang released a research report stating that China Software International (00354.HK) participated in the Zhongxin Liang Investor Forum last week and shared a more optimistic outlook. The group's management expects its AI business to increase by 109% year-on-year this year, which will help improve gross profit margins. The report indicates that China Software International believes that the government's goal is to build smart cities based on the Hongmeng system, and it has already signed contracts with the Xi'an government, with other projects in progress. The bank has temporarily maintained China Software International's "outperform market" rating and a target price of 7.5 Hong Kong dollars.