Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
0268.HK [bullish]
Kingdee International Software Group Company Limited
-30.22%
current return
Author Info
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Company Info
Kingdee International Software Group Company Limited, an investment holding company, engages in the subscription and sale of software worldwide.
Market Cap
HKD 19.4B
Pitch Price
HKD 9.20
Price Target
10.80 (+68%)
Dividend
N/A
EV/EBITDA
77.03
P/E
208.17
EV/Sales
2.26
Sector
Software
Category
growth
Kingdee (268 HK) – Domestic ERP SaaS leader
0268.HK BUY: Largest China ERM vendor, 16% rev CAGR FY23-26E to RMB8.9bn. Strong in SME SaaS, expanding to large enterprises. Domestic substitution trend beneficial. Subscription model offers visibility. Loss reduction on track. Less impacted by Huawei's MetaERP vs peers. TP HK$10.8, 26% upside, 4.4x EV/sales.
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