Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00268 KINGDEE INT'L
RTNominal down7.720 -0.090 (-1.152%)
Research Report

23/12/2020 18:01

{I-bank focus}UBS ups Kingdee International (00268) to HK$34

[ET Net News Agency, 23 December 2020] UBS Global Research lifted its target price for
Kingdee International Software (00268) to HK$34 from HK$24 and maintained its "buy"
rating.
The research house surveyed 106 IT managers in China in October to gain insights into
their enterprise resource planning (ERP) priorities post-COVID. The survey confirmed a
resilient ERP spending environment and faster cloud adoption, with more users open to the
software-as-a-service (Saas) model.
UBS thinks this helps sustain Kingdee's 40% sales CAGR target in Cloud over 2019-23. It
expects the margin pressure to continue into 2021/22 on the back of a greater mix-shift to
cloud and R&D investment. This resulted in a lower 2020-22 EPS estimates by 68%/54%/26%.
(KL)

Back to Research Report

Remark: Real time quote last updated: 18/04/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.