[ET Net News Agency, 18 January 2021] Jefferies Research lifted its target price for
Kingdee International Software (00268) to HK$32.63 from HK$30.06 and maintained its "buy"
rating.
The research house said Kingdee's profit warning is unsurprising, with 2H 2020 revenue
guidance 10% below previous guidance, driven by less growth acceleration of its SaaS
product Galaxy, likely due more to a sales and distribution issue instead of demand.
Jefferies forecast Kingdee will still report a loss of Rmb268m in 2021 (the previous
estimate was a loss of Rmb143m). However, it thinks Kingdee will very likely pursue an
A-share IPO on the STAR Board, given the government has been encouraging high-quality
Chinese tech and software companies listed in Hong Kong to do so. (KL)
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00268 KINGDEE INT'L
Nominal 
7.720 -0.090 (-1.152%) Research Report
18/01/2021 14:00
{I-bank focus}JEF lifts Kingdee Int'l (00268) to HK$32.63
| Remark: | Real time quote last updated: 18/04/2024 17:47 |
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