CIKINGD@EC2608A

Goldman Sachs Maintains 'Buy' Rating on Kingdee International

Kingo International repurchased 500,000 shares

JPMorgan Increases Holdings in Kingdee International

Kingdee International repurchased 1 million shares

GF Securities Maintains Buy Rating for Kingdee International with a Target Price of HKD 19.75

Kingdee International reports profit forecast, expecting a net profit of between 60 million to 100 million yuan for last year

Kingdee International Expected Revenue Growth of 11.1%-12.7% to 7 Billion in 2025

Fubao Fund Management Co. Increased Holdings in Kingdee International

JPMorgan Raises Stake in Kingdee International to 5.04%

BlackRock Increases Stake in Kingdee International to 5.03%

Kingdee Signs Strategic AI Cooperation Agreements with Ten Enterprises

Kingdee and BrainCo Upgrade Recruitment AI to Empower Disabled Employment

Yun Tian Liefei and Kingdee Build Deep Integration Plan

Kingdee Upgrades Kingdee Cloud to Kingdee AI

Caitong Securities Report Analyzes Kingdee International's Q3 Operating Data and Future Revenue Forecast

Kingdee International Deepens Core Strategy, Reports Strong Financial Results and Signs Up Multiple Top Companies

Kingdee Acquires YunZhiJia Shares to Enhance Enterprise Management AI Capabilities

Kingdee International Acquires 62.764% Equity in Yunzhi to Accelerate AI Transformation

Kingdee Listed in Gartner's 2025 Magic Quadrant for HCM

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

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Goldman Sachs report indicates that KINGDEE INT'L is expected to achieve a net profit of HKD 60 million to HKD 100 million in 2025, lower than the expected HKD 178 million. Although the company has growth momentum in cloud subscriptions and AI solutions, the earnings forecasts for 2025 to 2027 have been revised down by 47%, 8%, and 6% respectively due to operating expenses being higher than expected. The target price has been lowered from HKD 18.98 to HKD 18.21, maintaining a "Buy" rating

AASTOCKS

KINGDEE INT'L

Goldman Sachs: KINGDEE INT'L is expected to turn a profit of over 60 million RMB last year, which is below expectations. The target price is lowered to 18.21 yuan

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Baidu, KINGDEE INT'L fell over 4%. Alibaba, KUAISHOU-W, BILIBILI-W, HUA HONG SEMI and others fell over 3%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk

Wallstreetcn

Hang Seng Index

HUA HONG SEMI

BILIBILI-W

BABA-W

KUAISHOU-W

BIDU-SW

The Hang Seng Index opened down 1.97%, and the Hang Seng Tech Index fell 2.42%

Kingdee International Software Group Company Limited has initiated an equity buyback plan for 354,946,877 shares, which is 10% of its issued share capital. This program, approved by shareholders on May 22, 2025, will enhance the company's net asset value and earnings per share. The buybacks will be financed from legally available funds and will expire at the next Annual General Meeting or if varied or revoked earlier.

marketscreener

Kingdee International Software Group Company Limited commences an Equity Buyback Plan for 354,946,877 shares, representing 10% of its issued share capital, under the authorization approved on May 22, 2025.

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Asian software stocks fell sharply following a global sell-off driven by fears that advancements in artificial intelligence could disrupt traditional business models. Notable declines included a 16% drop for Xero in Sydney and significant losses for TIS and Kingdee International. Despite these losses, analysts suggest that Asia's tech sector, particularly hardware makers, remains resilient, with limited exposure to the AI disruption affecting software firms. Overall, Asian equities held steady, with some markets, like South Korea's Kospi, reaching record highs.

Businesstimes News

Xero Limited

TIS Inc.

AI fears drag Asia software stocks lower after US tech rout

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Asia's software stocks faced significant declines due to fears surrounding AI advancements, mirroring a selloff in the U.S. that wiped $300 billion from software and data stocks. Major losses were seen in Chinese stocks, with Kingdee International down 13% and ITE (Holdings) down 11%. Indian IT firms also suffered, with losses between 5% to 8%. While South Korea's Kospi remained stable, analysts noted that the pullback in Chinese tech shares is largely healthy, focusing on sectors that had previously outperformed.

ITE HOLDINGS

Asia Software Stocks Rattled by AI Fears

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XXF(02473) fell 21%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 70.3%. KINGDEE INT'L(00268) fell 12.64%, with a trading turnover 1.6 Billion HKD, and a year-to-date fell 16.8%. JST GROUP(06687) fell 11.6%, with a trading turnover 11.1 Million HKD, and a year-to-date fell 29.7%.

Top Gainers & Losers

JST GROUP

MEITU

INSPUR DIGI ENT

NEWBORNTOWN

UNISOUND

INNOGEN-B

MINIMAX-WP

Medtide Inc.

Top 10 HK Stock Losers (2.4)

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In the past hour, the Hong Kong stock market has shown a clear divergence, with some individual stocks standing out. Technology stocks and small-cap stocks have experienced significant volatility, with funds seemingly frequently switching between these sectors, leading to an increase in short-term activity. Meanwhile, the number of pressured stocks is also on the rise, reflecting the complexity of market sentiment. Overall, the market pace is relatively fast, with increased volatility in the short term, requiring investors to remain vigilant. The stock with the largest movement in the past hour, SV VISION, saw a decline of 17.00%, attracting market attention. This stock experienced sharp fluctuations in the morning session, with noticeable capital outflows and a subdued short-term sentiment, seemingly dragged down by the overall market mood. 

Strong stocks:
1. PAK TAK INT'L: Up 16.67%, recently performing well with significant capital inflow and high market sentiment.
2. DRINDA: Up 12.25%, with active short-term funds, seemingly driven by favorable industry news.
3. Other stocks like MOBVISTA also showed some resilience, despite a decline of 10.87%, as there were attempts to bottom-fish during the session, indicating some buying support.

Pressured stocks:
1. KINGDEE INT'L: Down 15.09%, with low market sentiment and intensified capital outflows, lacking rebound momentum in the short term.
2. MOBVISTA: Despite a significant decline, there was a slight rebound during the session, showing some interest from investors.
3. The sharp drop of SV VISION has sparked widespread discussion in the market, and it may face greater pressure in the short term

HK Stock Movers Tracker

SV VISION

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Hong Kong Stock Movement Update: PAK TAK INT'L up 16.67%, DRINDA up over 12%, SV VISION down 17%

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The Hang Seng TECH Index fell over 2% intraday, KINGDEE INT'L dropped nearly 14%, and KINGSOFT fell nearly 6%

Hang Seng TECH Index

Hang Seng TECH ETF I

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ChinaAMC Hang Seng Technology ETF(QDII)

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ISHARESHSTECH

CSOP HS TECH

Dacheng Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

CAM HS TECH

The enterprise internal legal AI tool launched by AI startup Anthropic has led to a collective decline in SaaS and software stocks. KINGDEE INT'L fell 14% to HKD 10.9, with a transaction volume of HKD 585 million. MEITU dropped 10.99%, Zhongruan International fell 5.1%, and MOBVISTA decreased by 8.65%. Other related stocks such as Kingsoft Cloud, Mingyuan Cloud, and Weimob also experienced varying degrees of decline

Anthropic launches internal legal AI tools; SaaS and software stocks collectively decline, KINGDEE INT'L drops 14%

GF Securities has maintained a Buy rating on Kingdee International Software Group Co (KGDEF), setting a price target of HK$19.75. The stock closed at HK$14.31, indicating a potential upside of 31.87% based on the analyst consensus price target of HK$18.87. Additionally, TipRanks upgraded the stock to a Buy with a price target of HK$17.00.

Tip Ranks

Kingdee International Software Group Co (KGDEF) Gets a Buy from GF Securities

Nomura's report pointed out that Kingdee is expected to have revenue of RMB 6.95 billion to RMB 7.05 billion last year, in line with market expectations, and a net profit of RMB 60 million to RMB 100 million, marking the company's first profit in five years. The company's adjusted net profit is expected to be RMB 190 million to RMB 240 million, with operating cash flow of RMB 1.09 billion to RMB 1.11 billion. Nomura believes that Kingdee's intensive investment phase has ended, and future revenue growth will be sustainable, with artificial intelligence driving the company's growth and profitability. The rating on Kingdee is maintained at "Buy," with a target price of HKD 18.49

Nomura: KINGDEE INT'L's revenue growth last year met market expectations, expected to conclude the intensive investment phase

Citi reiterated its "Buy" rating on KINGDEE INT'L, expecting total revenue last year to be between RMB 6.95 billion and RMB 7.05 billion, representing a year-on-year growth of approximately 11.1% to 12.7%. Net profit is expected to reach RMB 60 million to RMB 100 million, lower than market forecasts. Citi believes that the company's improved profitability benefits from economies of scale and AI-driven efficiency enhancements, having achieved its goal of turning profitable by 2025, with a target price of RMB 18.3

Citi reiterated its "Buy" rating on KINGDEE INT'L, with last year's earnings falling short of market expectations

$KINGDEE INT'L(00268.HK)Finally managed to luckily dig out an AI beneficiary stock, but ended up selling at the lowest point due to self-doubt.

CIKINGD@EC2608A(23231.HK)

Goldman Sachs: KINGDEE INT'L is expected to turn a profit of over 60 million RMB last year, which is below expectations. The target price is lowered to 18.21 yuan

The Hang Seng Index opened down 1.97%, and the Hang Seng Tech Index fell 2.42%

Kingdee International Software Group Company Limited commences an Equity Buyback Plan for 354,946,877 shares, representing 10% of its issued share capital, under the authorization approved on May 22, 2025.

AI fears drag Asia software stocks lower after US tech rout

Asia Software Stocks Rattled by AI Fears