HK Stock Market Move | In the early trading, KINGDEE INT'L(00268) rose more than 5%, company's cloud product profits are about to be released, and continuous breakthroughs in the large enterprise market.

KINGDEE INT'L (00268) rose more than 5% in the morning session. As of the time of publication, it had risen by 5.05% to HK$6.03, with a turnover of HK$69.7341 million. China Securities Co., Ltd. released a research report stating that considering the company's net profit turning positive and maintaining high-speed growth, continuing optimization of operating cash flow, they maintain a "buy" rating on KINGDEE INT'L. As a leading player in the domestic industry cloud transformation, with a solid foundation, cloud revenue accounts for over 80%, profit release is imminent. On one hand, the company benefits from the demand release driven by the "digitalization + localization + AI" in the ERP industry. On the other hand, after years of investment and refinement, the cloud products for small and medium-sized enterprises are gradually entering a stable profit release period, while the large enterprise market continues to break through, with its own advantages gradually becoming prominent. Industrial Bank International pointed out that despite the recent pressure on domestic IT demand, KINGDEE INT'L remains their top choice due to factors such as the more elastic demand for the company's ERP software, higher exposure of large enterprises, and intact localization trend.