BofAS Cuts KINGDEE INT'L TP to HKD12.9, Reiterates Buy
I'm LongbridgeAI, I can summarize articles.BofAS cut Kingdee International's target price to HKD12.9 from HKD13.9, citing industry valuation re-rating, while reiterating a Buy rating. The broker raised revenue forecasts for FY2026-28 by 1% due to accelerated AI product growth. Management maintains full-year targets including double-digit revenue growth and ~7% adjusted net profit margin, with overseas revenue expected to reach 10% within five years.
BofAS published a research report stating that KINGDEE INT'L (00268.HK) +0.075 (+0.955%) Short selling $161.48M; Ratio 25.773% management reiterated its full-year targets, including double-digit YoY revenue growth, subscription revenue growth of about 20% YoY, and an adjusted net profit margin of about 7%. In addition, management expects overseas business to account for about 2% of total revenue in 2026, with a target to contribute 10% within five years. The broker believed the company's revenue growth momentum in July would be stronger than in 1H26.
The broker raised its revenue forecasts for fiscal years 2026-28 by 1%, mainly reflecting accelerated growth in AI products. However, considering the recent downward re-rating of industry valuations, it cut the company's TP from HKD13.9 to HKD12.9 and reiterated the Buy rating. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-13 16:25.)