大摩：降中国软件国际(00354)评级至“减持” 大削目标价至2.6港元

智通财经05-05

智通财经APP获悉，摩根士丹利发布研报称，将中国软件国际(00354)的评级由“与大市同步”下调至“减持”，目标价由6.6港元大幅下调至2.6港元。大摩指出，中软国际的IT外包收入受到主要客户因AI编程而压缩利润的压力。尽管管理层指引AI相关收入在2026年将增长70%以上，但非AI业务(主要是IT外包)在2025年仍占总收入超过80%，预计2026年收入及毛利率均可能面临下跌。该行分别下调...

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