[ET Net News Agency, 5 September 2019] Daiwa Research initiated coverage on Kingdee
International Software Group (00268) with a "buy" rating and target price of HK$9.5.
The research house said Kingdee is a leading player in China's ERP (enterprise resource
planning) SaaS (software as a service) market. Amid the digitalisation trend in China,
Daiwa believes Kingdee is poised to tap into the significant potential of the cloud ERP
market, on top of increasing demand for domestic software.
Kingdee was an early entrant to the cloud ERP market in 2014. Daiwa likes its solid
foundation in the China ERP SaaS market, underpinned by its strength in acquiring growth
companies and maintaining high retention rates. (KL)
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00268 KINGDEE INT'L
Nominal 
7.720 -0.090 (-1.152%) Others
05/09/2019 09:32
{I-bank focus}Daiwa starts Kingdee Int'l (00268) at HK$9.5
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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