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<Research>CMBI Lowers TP for KINGDEE INT'L (00268.HK) to HKD15.1; Core Beneficiary in AI Application Era
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CMBI published a research report on KINGDEE INT'L (00268.HK), which announced a revenue of RMB7 billion for 2025, representing a YoY rise of 12%, in line with consensus. The company turned from loss to profit, recording a net profit of RMB92.9 million, below the consensus of RMB132 million. The report suggested that this results performance demonstrates KINGDEE's robust revenue growth capability and continuous improvement in operational efficiency, while also highlighting its steadfast commitment to business transformation in the AI era. CMBI said that in the short term, competition from large model vendors in the software industry will likely continue to suppress market sentiment and impact overall industry valuations. However, given its deep industry experience, scenario insights, and high-quality enterprise datasets, CMBI considered the company remains one of the core beneficiaries of the AI application era. The broker extended its valuation benchmark to 2026, lowering the target price from HKD19.2 to HKD15.1, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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