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<Research>BofAS Names KINGDEE INT'L/ MEITU/ KINGSOFT OFFICE as Top Picks for CN Software Stocks
Recommend 8 Positive 16 Negative 9 |
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According to a report from BofA Securities, the stock prices of Chinese software companies covered by the broker averaged an increase of 16% in 2025, underperforming the 23% increase in the MSCI China Index. Looking ahead to 2026, BofA Securities holds a cautiously optimistic view on software demand prospects, given that accelerated AI monetization and a trend of software import substitutions will coexist with weak demand across several vertical industries. BofA Securities is selectively positive on companies in the enterprise resource planning (ERP), photo editing software, and office software sectors, as they have higher growth visibility driven by the SaaS model and AI. In contrast, it remains cautious on cybersecurity and real estate software due to soft demand. The broker's top picks are KINGDEE INT'L (00268.HK), MEITU (01357.HK), and KINGSOFT OFFICE (688111.SH), all rated as Buy. Their target prices are detailed in a separate table. AAStocks Financial News |
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