On August 18, KINGDEE INT'L fell 5.08% in regular trading, trading at HK$7.515/share, with turnover of HK$67.99 million.

On the news front, following the company's H1 turnaround to profitability announced on August 11, three major international investment banks — Bank of America, Nomura, and Citi — successively slashed their target prices. Nomura cut its target from HK$18.49 to HK$11.87, Bank of America from HK$13.9 to HK$12.9, and Citi from HK$13.7 to HK$11.9, all maintaining Buy ratings. Citi noted weak market sentiment toward the IT services and software sector.

Despite management reaffirming full-year targets including double-digit revenue growth and AI-native revenue exceeding RMB 1 billion, the concentrated target price downgrades combined with sector-wide valuation de-rating have extended selling pressure. The stock had already declined approximately 8.68% and 3.65% in the two prior trading sessions following the earnings release.

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