On July 29, KINGDEE INT'L rose 5.14% in regular trading, trading at HK$7.74/share, with turnover of approximately HK$28.52 million. Multiple positive catalysts continue to drive the stock higher.
On the news front, UBS recently upgraded the company's rating from \"neutral\" to \"buy\" with a target price of HK$9.80, citing sustained benefits from operating leverage following its subscription model transformation and additional upside potential from AI monetization. The company completed the cancellation of approximately 34.92 million repurchased shares on July 24, involving approximately HK$276 million, reducing total issued shares to approximately 3.515 billion. Additionally, the company previously issued a positive profit alert, forecasting a turnaround to profitability in H1, with revenue expected to grow 13%-14% year-over-year, driven by subscription revenue and strong demand for AI-native products. The board is scheduled to meet on August 11 to review interim results and discuss potential dividend distributions.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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