Movement Alert|Chinasoft International Falls 5.1% in Regular Trading, Profit-Taking Resumes After 1 Billion Yuan AI Computing Contract Materialized

Market Focus06-11

On June 11, Chinasoft International fell 5.1% in regular trading, trading at HK$3.73/share, with trading volume of HK$77.35 million. The stock had surged over 7% in the prior session before giving back gains today.

On the news front, the company signed sales agreements worth approximately 1 billion yuan to supply high-end AI computing equipment to several independent customers. Additionally, chairman Chen Yuhong purchased 3 million shares on June 8 at an average price of HK$4.022. Despite these positive catalysts, funds resumed profit-taking as the good news materialized.

The sell-off extends a broader pullback pattern since the company announced its entry into the computing power business on June 3, with southbound capital cumulatively reducing holdings by over 26.24 million shares in recent sessions. While the company's full-stack AI business achieved 109.2% growth, annual net profit declined 36.7% year-over-year, reflecting ongoing transformation pressures. Institutional views remain divided, with Morgan Stanley maintaining a target price of HK$2.6 while Guoyuan International assigned a buy rating with a HK$5.65 target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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