Kingdee International's stock surged 5.19% during intraday trading on Thursday, reflecting significant investor optimism.
The sharp rise follows the company's release of robust first-quarter operational data, which showed its subscription service Annual Recurring Revenue (ARR) growing approximately 19% year-over-year to about RMB 4.22 billion. Notably, contract signings for its AI-native products reached RMB 2.3 billion in the quarter. Additionally, GF Securities maintained a "Buy" rating on the stock with a fair value target of HKD 17.94 per share, citing strong growth prospects.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments