[ET Net News Agency, 8 June 2021] Citi Research lifted its target price for Chinasoft
International (CSI) (00354) to HK$13.1 from HK$10.5 and reiterated its "buy" rating.
The research house hosted an investor conference call for CSI management. They
highlighted that CSI has participated in the HarmonyOS construction since 2018 and is one
of the 7 key players in the working committee of OpenAtom OpenHarmony.
For smart devices, CSI can charge Rmb10 for each HarmonyOS connect, aiming to have a 20%
market share. CSI generated Rmb200mn revenue related to HarmonyOS in 2020 and expects the
revenue to double each year in the following years.
In view of faster emerging biz development and better margin outlook, Citi raised its
FY2021-23 earnings by 7-8%. (KL)