$KINGSOFT(03888.HK) and $CHINASOFT INT'L(00354.HK) both saw slight gains, with similar increase rates, while $DEEPZERO(02723.HK) remained basically unchanged.
The common situation for this batch of Hong Kong stock software companies is that revenue visibility is low: licensing for office and gaming, project-based payments for government and enterprise informatization, and marketing data ad budgets—none can provide a smooth growth curve. Therefore, on days when the broader market rotates, they are neither snapped up nor heavily sold off.
$DEEPZERO(02723.HK) is 19% away from its 21-day moving average, making it the most deviated among the three, yet it moved less on the day—consolidation after a rise in small-cap stocks is generally not a bad thing; it's waiting for the next wave of buyers 😏
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