CLSA: Maintains Kingdee International (00268.HK) "Outperform" Rating, Target Price HK$12.6; AI Demand Drives Accelerated Growth in Net New ARR

Zhito Finance APP has learned that CLSA issued a research report reiterating a "Outperform" rating for Kingdee International (00268.HK) with a target price of HK$12.6. The company's subscription service annual recurring revenue (ARR) for the third quarter ended at the end of September increased by 19.3% year-on-year to RMB 4.604 billion, and net new ARR in the third quarter increased by 46.9% year-on-year, driven by strong demand for Kingdee AI Suite and Lingee.