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<Research>M Stanley Drops KINGDEE INT'L TP to HKD11.5, Rating Equalweight
Recommend 4 Positive 7 Negative 4 |
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KINGDEE INT'L (00268.HK) has a visionary and proactive approach towards AI transformation, demonstrating top-tier execution within the industry, Morgan Stanley wrote in its research report. However, the market still needs time to observe whether AI will replace the SaaS industry. Morgan Stanley has raised its 2026-28 revenue forecasts for KINGDEE INT'L by 2%/ 3%/ 4% but lowered the operating profit forecasts by 14%/ 8%/ 9%. KINGDEE INT'L's target price decreased from HKD14.2 to HKD11.5, with an Equalweight rating. AAStocks Financial News |
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