Movement Alert|KINGDEE INT'L Rises 5.94% in Regular Trading, Upcoming Board Meeting to Review H1 Results Amid Multiple Catalysts

Market Focus08-03

On August 3, KINGDEE INT'L rose 5.94% in regular trading, trading at HK$8.86 per share, with turnover of HK$117 million.

On the news front, the company's board of directors is scheduled to convene on August 11 to review and approve H1 interim results and discuss dividend distribution, boosting market expectations for earnings delivery. Previously, the company issued a positive profit alert, forecasting H1 revenue growth of 13%-14% year-over-year to RMB 3.608-3.639 billion, with net profit attributable to shareholders of RMB 40-60 million, marking a turnaround from a RMB 98 million loss in the prior-year period.

The improvement is attributed to economies of scale in the subscription business and efficiency gains driven by AI. Additionally, UBS recently upgraded the stock to \"Buy\" with a target price of HK$9.80, citing sustained operational leverage benefits post-subscription transformation and upside potential from AI monetization. The company also completed cancellation of 34.92 million repurchased shares in July, reducing outstanding shares to approximately 3.515 billion.

(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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