[ET Net News Agency, 15 September 2021] BOCI initiates coverage of Kingdee Int'l
(00268) with a target price of HK$28.56 and a "hold" rating.
The research house said it is positive on Kingdee's new Cloud Cosmic platform offering
integrated SaaS and PaaS services in the cloud ERP era. Driven by rising enterprise IT
spending and domestic substitution demand, it expects Kingdee to deliver 41% cloud
revenues CAGR over 2020-23E. (RC)