Remain trapped in the haze of the pandemic,maintain the rating of“HOLD”and slash the TP to HKD 0.75/share China Software & IT Services:Property weakness may slow digitalization pace 每日港股简评 Solid 3Q21; Cost pressure ahead Slower 3Q21 momentum Backdoor listing on track; 4Q21 performance to sustain good momentum 3Q21 net profit +5.4% YoY; in line with expectation Headwinds linger despite faster expansion Morning Notes Low market expectation after 3Q21 results; Electric products and export to serve as medium term drivers