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20434 MBKINGD@EC2507A (CALL)
RT Nominal unchange0.205 0.000 (0.000%)

16/07/2024 15:14

{I-bank focus}Morgan lowers Kingdee Int'l (00268) to HKD10

[ET Net News Agency, 16 July 2024] Morgan Stanley lowered the target price for Kingdee
Int'l (00268) to HKD10 from HKD14.6 and maintained the "overweight" rating.
The research house said it cuts revenue forecasts 2.0% for 2024, 3.5% for 2025, and 5.0%
for 2026, reflecting the weak macro climate in 1H24, with an ARR CAGR assumption of 26%.
(rc)

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