On June 8, Chinasoft International fell 5.19% intraday, trading at HKD 3.99/share, with trading volume of approximately HKD 74.16 million. The stock has seen consecutive declines since the company announced its formal entry into the computing power business on June 3.
On the news front, the company filed a voluntary announcement on June 3 declaring its official expansion into the computing power sector as part of its full-stack AI strategy. The business model encompasses computing hardware resale, computing power leasing, and Token sales. While the stock initially surged over 4% on June 4, it quickly reversed and has been under sustained selling pressure since.
Southbound capital has cumulatively net sold over 26.24 million shares in recent trading sessions, intensifying downward pressure. Fundamentally, despite the company's full-stack AI business achieving 109.2% year-over-year growth, annual net profit declined 36.7%, reflecting ongoing transformation headwinds. Morgan Stanley previously slashed its target price significantly to HKD 2.60, while Guoyuan International maintained a Buy rating with a target of HKD 5.65, reflecting divided market sentiment.
(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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