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AHSAY BACKUP: ANNUAL REPORT 2025
AHSAY BACKUP: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2025
AHSAY BACKUP: CLARIFICATION ANNOUNCEMENT
The software stock sector has collapsed, and no one 'dares to catch a falling knife.'
The S&P 500 Software & Services Index fell for the sixth consecutive trading session, but this selloff failed to attract any significant bottom-fishing buying. Even Microsoft, traditionally regarded as a safe haven, was not spared, with short sellers increasing their positions against the trend. Current market sentiment has evolved from valuation concerns at that time to deep anxiety over the potential disruption of traditional software business models by artificial intelligence.
AHSAY BACKUP: SUPPLEMENTAL ANNOUNCEMENTIN RELATION TO THE 2024 ANNUAL REPORT
Will AI disrupt the software industry? Goldman Sachs: Focus on the following four indicators.
Goldman Sachs believes that AI has the potential to become a "force multiplier" for industry-leading suppliers. The current phase is akin to the historical transition of the software industry from on-premises deployment to cloud computing, during which a new batch of leaders emerged and prompted established companies like Adobe, Intuit, and Autodesk to transform into larger, faster-growing, and more profitable enterprises.