On August 13, KINGDEE INT'L declined 5.48% in regular trading, trading at HKD 7.755/share, with turnover of HKD 270 million. The stock had already fallen 8.68% in the prior session, bringing cumulative two-day losses to a significant level.

On the news front, Citi lowered its target price on KINGDEE INT'L from HKD 13.7 to HKD 11.9, citing weak market sentiment toward the IT services and software sector, while maintaining a Buy rating. The company disclosed H1 results on August 11 showing revenue of approximately RMB 3.625 billion (+13.6% YoY), net profit of RMB 54.5 million (turning profitable from a loss of RMB 97.7 million a year earlier), and cloud subscription revenue of RMB 2.028 billion (+20.4% YoY). However, results fell within the prior profit guidance range without exceeding market expectations, and the board recommended no interim dividend. Given the stock had surged over 6% on August 11 ahead of the earnings release, profit-taking pressure has continued to build following the results.

(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.)