Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
0268.HK [bullish]
Kingdee International Software Group Company Limited
+45.54%
current return
Author Info
No bio for this author
Company Info
Kingdee International Software Group Company Limited, an investment holding company, engages in the enterprise resource planning business.
Market Cap
HKD 46.0B
Pitch Price
HKD 9.20
Price Target
10.80 (-18%)
Dividend
N/A
EV/EBITDA
-410.83
P/E
-323.32
EV/Sales
6.82
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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