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China Merchants Bank International Affirms Positive Outlook on Kingdee International, Retains 'Buy' Rating with HK$19.2 Target Price
2025-08-14 /
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Author：小编
Kingdee International reported revenue of RMB 3.19 billion for the first half of 2025, marking an 11.2% year-on-year increase that met analysts' expectations. Based on an estimated enterprise value/sales ratio of 8.4x for 2025, China Merchants Bank International has maintained its revenue forecast for Kingdee from 2025 to 2027 and set a target price of HK$19.2. The 'Buy' rating remains unchanged. China Merchants Bank International believes that Kingdee, as a prominent beneficiary in the age of AI applications, will witness significant share price growth driven by its progress in monetizing AI technologies, the resumption of revenue growth, macroeconomic recovery, and heightened demand for digitalization.
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