On July 17, Kingdee International fell 5.26% in regular trading, trading at HK$6.64, with turnover of approximately HK$80.75 million.
The decline reflects continued profit-taking following a sharp rally driven by the company's positive earnings pre-announcement on July 7. Kingdee forecast H1 revenue of RMB 3.608 billion to RMB 3.639 billion, representing 13%-14% year-over-year growth, with net profit of RMB 40-60 million — a turnaround from a loss of RMB 98 million in the prior-year period. The stock surged over 8% on July 8 in response. However, valuation indicators suggest a relative valuation range of HK$5.29 to HK$5.85, and the current share price remains above that upper bound, sustaining selling pressure from profit-taking.
Notably, JPMorgan acquired approximately 13.94 million shares on July 9 at around HK$7.04 per share, totaling roughly HK$98.2 million, lifting its stake to 7.1%. Multiple brokerages maintain Buy ratings, with Jefferies targeting HK$18.09 and Bank of America targeting HK$13.9, both significantly above current levels.
(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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