Citi keeps HKD 11.90 target for Kingdee stock, 45.30 percent above price

Published on 10/15/2026 at 19:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached CNY 3.63 billion, up 13.60 percent. Kingdee stock costs EUR 0.94 on October 15, 2026, down 2.15 percent on HKEX.

Analyst target stays above price

On October 13, 2026, Citi maintained a Buy rating and an HKD 11.90 target for Kingdee International.
First-half revenue reached CNY 3.63 billion, up 13.60 percent.
Kingdee stock costs EUR 0.94 at Lang & Schwarz on October 15, 2026 at 7:04 p.m. CEST, down 2.15 percent on HKEX.
Kingdee's market capitalization was HKD 28.6 billion, with a P/E ratio of 100.56 on October 15, 2026.

Kingdee, KYG525681477, Illustration mit AI erstellt.

Citi maintained a Buy rating and an HKD 11.90 target for Kingdee International on October 13, 2026. The target is 45.30 percent above the HKD 8.19 home-market price, based on the last HKEX quote. Kingdee's euro price was EUR 0.94 at Lang & Schwarz on October 15, 2026 at 7:04 p.m. CEST, while the HKEX quote was down 2.15 percent on the day.

Target remains above the market

The analyst view leaves a wide gap between the target and the latest Hong Kong quotation. According to Citi, the target was maintained at HKD 11.90 while the rating stayed at Buy. The report also said third-quarter net new annual recurring revenue grew 46.90 percent year over year, a company metric that supports the focus on recurring software revenue.

First-half revenue rose 13.60 percent

Kingdee International reported revenue of CNY 3.63 billion for the first half of 2026, up 13.60 percent year over year. Cloud services contributed CNY 3.12 billion, while adjusted profit attributable to shareholders reached CNY 116.00 million for the same period. These figures give the valuation discussion an operating anchor beyond the share price.

Kingdee price position

The HKEX quote was last at HKD 8.19 on October 15, 2026 at 4:08 p.m. HKT, down 2.15 percent from the prior close. The session range was HKD 8.09 to HKD 8.37, and trading volume reached 27,467,267 shares against an average of 47,422,950 shares. The 52-week range was HKD 5.63 to HKD 17.07 as of October 15, 2026.

Valuation and market comparison

Kingdee's market capitalization was HKD 28.6 billion on October 15, 2026, while its price-to-earnings ratio was 100.56. The company is listed on HKEX under ticker 268.HK and operates in enterprise management cloud software, according to Global Banking and Finance Review.

Comparison with peers

Kingdee: minus 2.15 percent, P/E 100.56, market capitalization HKD 28.6 billion
Tencent (HKEX, HKD): minus 1.32 percent, P/E 14.09, market capitalization HKD 3,763.7 billion
Yonyou (Shanghai Stock Exchange, CNY): minus 0.10 percent, P/E minus 24.08, market capitalization CNY 32.7 billion

What the figures leave investors

Kingdee combines double-digit first-half revenue growth with a valuation multiple well above Tencent's and a target materially above the latest Hong Kong quote. The contrast makes recurring revenue growth and future margin delivery central to how the stock is assessed.

Kingdee stock was trading at EUR 0.94 at Lang & Schwarz on October 15, 2026 at 7:04 p.m. CEST, down 2.15 percent on the day on HKEX.

The further course of trading is shown by the continuously updated real-time quote of Kingdee stock.