[ET Net News Agency, 18 February 2021] CCB International Securities (CCBIS) lifted its
target price for Kingdee International Software (00268) to HK$44.5 from HK$36.9 and
maintained its "outperform" rating.
The research house affirmed its positive view on Kingdee's business outlook thanks to
its favorable positioning for what CCBIS expects will be a booming ERP (enterprise
resource planning) cloud market in China.
CCBIS believes Kingdee's early-mover advantages in cloud-based products, comprehensive
cloud solution offerings and substantial premier customer base in ERP will help the
company extend its lead in the wave of digital transformation which is a key agenda for
China's 14th Five Year Plan. (KL)