Chinasoft International (354.HK): The Leader of the software market in China October 19, 2018

Investment Summary

Chinasoft International (Chinasoft) is one of the leading software and information services companies in China. Its major business includes consulting services, technical services, outsourcing services and training services. Based on 2018 net profit, we assume a P/E ratio of 16.5x (the average over the past two years), deriving a target price of HK$5.53, and a “Buy” rating with a potential return of approximately 33.3%. (Closing price at 16 Oct 2018)

About the author

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Terry Li
Investment Analyst

Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.

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