Lyon: Upgrade Lenovo International (00354.HK) target price to 7.5 Hong Kong dollars, maintain "outperform the market" rating.

According to the Wise News App, a report released by Lyon stated that China Software International (00354.HK) had slightly lower revenue in the first half of the year than the bank's expected 2.8%, but the net profit met expectations. The proportion of revenue from AI-related businesses has reached 7.7%. The bank believes that with the support of the recovery in IT outsourcing business, the company's business prospects are better than in the past few years. Although the gross profit margin is still under pressure, the bank believes that the trend of improvement in net profit margin is more obvious based on strict cost control measures. The bank slightly adjusted its forecast, raising the target price from 7.1 Hong Kong dollars to 7.5 Hong Kong dollars, maintaining a "outperform the market" rating.