After years of transitioning to a subscription-based SaaS model, KINGDEE INT'L (00268.HK) -1.000 (-6.046%) Short selling $106.46M; Ratio 23.002% is expected to achieve its first profitable year in 2025 since 2020, according to a report released by UBS.In UBS' opinion, this reflects KINGDEE INT'L's continuously improving operational efficiency and strong product capabilities that pushed annual recurring revenue from subscription services to 67% of cloud revenue and 55% of total revenue in 2024.The broker raised its target price for KINGDEE INT'L from HKD11.4 to HKD21.8 and reiterated the Buy rating.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)