Stock Track | SOFTCARE Soars 5.84% Intraday After CICC Raises Forecasts and Maintains Outperform Rating

Stock Track03-23

SOFTCARE's stock soared 5.84% intraday on Monday, following a positive research report from CICC.

CICC has raised its net profit forecasts for SOFTCARE for 2026/2027 by 4%/5% and maintains an Outperform rating with a target price of HK$40.0, implying 34% upside potential from the current share price. The firm highlighted that SOFTCARE's 2025 results exceeded expectations, with revenue up 24.9% year-on-year and profit up 27.4%, driven by rapid expansion in Latin America and favorable currency movements.

The report also expressed optimism about the growth potential of the African consumer goods market and SOFTCARE's solid leading position, with room for organic and inorganic growth. The company's strategy to expand into new regions and product categories is seen as validated by its 2025 performance.

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