On August 20, KINGDEE INT'L rose 5.18% in regular trading, trading at HKD 8.055/share, with turnover of HKD 62.36 million. The rebound follows several consecutive trading sessions of sharp declines, during which the stock fell over 6% on August 18 amid a broader selloff in Hong Kong-listed AI application stocks.
On the fundamental side, the company reported H1 revenue of RMB 3.625 billion, up 13.6% YoY, with a turnaround to profitability of approximately RMB 54.5 million versus a loss in the prior year period. AI-native product revenue reached RMB 296 million, surging 189% YoY, while cloud subscription revenue grew 20.4% and operating cash flow turned positive. Management reiterated full-year targets of double-digit revenue growth and AI-native product revenue exceeding RMB 1 billion.
Although Bank of America, Nomura, and Citi recently cut target prices significantly — with Nomura reducing its target from HKD 18.49 to HKD 11.87 — all maintained Buy ratings. The substantial gap between current share price and consensus targets, combined with improving fundamentals, provided valuation recovery momentum following the oversold conditions.
(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.)