Citi keeps HKD 11.90 target for Kingdee stock

Published on 10/20/2026 at 22:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi keeps an HKD 11.90 target on October 20, 2026. Kingdee stock costs EUR 1.01 in the latest quote on October 20, 2026 at 9:59 p.m. CEST.

Analyst target and operating growth

Citi kept an HKD 11.90 target for Kingdee on October 20, 2026.
Third-quarter subscription ARR reached RMB 4.60 billion, up 19.30 percent year over year.
Kingdee stock costs EUR 1.01 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST.
Kingdee reported first-half 2026 revenue of RMB 3.63 billion and adjusted profit of RMB 116.00 million.

Kingdee, KYG525681477, Illustration mit AI erstellt.

Kingdee International Software Group (KYG525681477) has an HKD 11.90 target from Citi, while third-quarter subscription annual recurring revenue reached RMB 4.60 billion, up 19.30 percent year over year. GMT EIGHT reported the target and operating figures on October 20, 2026. The stock was quoted at EUR 1.01 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST.

AI revenue expands in the third quarter

The latest analyst report also cited net new ARR of RMB 191.00 million in the third quarter, a 46.90 percent year-over-year increase. Citi linked the gains to demand for Kingdee's AI suite and Lingji, giving the target a concrete operating backdrop.

Kingdee's first-half 2026 results provide the broader comparison. The company reported revenue of RMB 3.63 billion, up 13.60 percent year over year, while AI-native product revenue rose 189.00 percent to RMB 296.00 million, according to Kingdee.

HKD 8.94 sets the valuation reference

On the HKEX, the stock last stood at HKD 8.94 on October 20, 2026 at 4:08 p.m. HKT. Citi's HKD 11.90 target is 33.11 percent above that Hong Kong price, a calculation based on the two figures in the October 20 report.

The same first-half release showed adjusted profit attributable to shareholders of RMB 116.00 million, compared with reported profit of RMB 54.00 million. Cloud services generated RMB 3.12 billion, or 86.00 percent of total revenue, and subscription revenue reached RMB 2.03 billion, up 20.40 percent year over year.

What the figures mean for Kingdee stock

The operating data point to a faster-growing AI contribution inside a larger cloud business. Subscription ARR growth of 19.30 percent in the third quarter exceeded the 18.30 percent increase reported for the first half, while net new ARR growth reached 46.90 percent.

Kingdee stock stays tied to execution

For investors, the key evidence is the combination of the HKD 11.90 target and the RMB 4.60 billion ARR figure. The valuation remains sensitive to whether AI products translate into recurring sales and sustained profit growth.

Kingdee stock was trading at EUR 1.01 at Lang & Schwarz on October 20, 2026 at 9:59 p.m. CEST. The HKEX quotation stood at HKD 8.94 at 4:08 p.m. HKT on the same date.

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