Morgan Stanley keeps Buy rating for Kingdee stock at HKD 11.40

Published on 10/01/2026 at 22:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 13.60 percent to RMB 3.63 billion in the first half of 2026. Kingdee stock costs EUR 0.84 on October 1, 2026 after EUR 0.84.

Kingsoft, KYG525681477, Illustration mit AI erstellt.

Kingdee stock (ISIN KYG525681477) is priced at EUR 0.84 at Lang & Schwarz on October 1, 2026, unchanged from the EUR 0.84 prior close. Morgan Stanley maintained a Buy rating and set an HKD 11.40 price target on September 17, 2026, according to Markets Insider.

Morgan Stanley sets HKD 11.40 target

The target gives the latest analyst view a clear reference point against Kingdee's Hong Kong listing. The same Markets Insider report cites a HKD 13.26 consensus target and a separate DBS target of HKD 14.30 dated September 7, 2026. Those figures show that analyst expectations remain centered on earnings recovery and the shift toward recurring software revenue.

AI revenue accelerates

Kingdee's first-half 2026 results provide the operating reason behind that view. Total revenue reached RMB 3.63 billion, up 13.60 percent year over year, while gross profit rose 17.20 percent to RMB 2.46 billion and gross margin reached 67.70 percent, according to FilingReader on September 3, 2026.

Profit attributable to owners was RMB 54.50 million, compared with a RMB 97.74 million loss in the first half of 2025. Adjusted profit reached RMB 116.09 million, versus a RMB 51.16 million loss a year earlier, while operating cash inflow was RMB 142.45 million.

Subscription growth shapes valuation

AI-native products generated RMB 296.00 million of revenue in the first half of 2026, up 189.00 percent year over year. Subscription revenue rose 20.40 percent to RMB 2.03 billion, and annual recurring revenue increased 18.30 percent to RMB 4.41 billion, according to Futunn on September 3, 2026. The figures suggest that recurring revenue and AI product adoption are becoming more important valuation inputs than traditional license sales alone.

Kingdee stock stays at EUR 0.84

Kingdee stock was trading at EUR 0.84 at Lang & Schwarz on October 1, 2026 at 10:42 p.m. CEST, unchanged from the prior close of EUR 0.84. The same-day market capitalization was EUR 3.0 billion, while the 52-week range was EUR 0.61 to EUR 2.00.