Still multiply wealth: give Kingdee International BUY rating watch HK $ 400

Updated: October 19, 2015  Views: 41

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Kingdee International (268) (BUY)

The Group is principally engaged in the ERP (enterprise resource planning) business, according to IDC research report, the group last year in mainland SME software market share ranked first, the 11th consecutive year, competitive.

While the Group's ERP business has been shrinking in the first half, dragged down revenue growth, but strong growth in cloud services business in the first half revenue increase 82.1%, to 81.8 million yuan, driven by the Group net profit increased 12.4%, to 91.6 million yuan.

This year, the Group has reached with the Kingsoft and Amazon [microblogging] AWS strategic partnership, and Jingdong to achieve cooperation in May, won the other side of HK $ 1.33 billion 10% equity stake in the company, I believe the company can take advantage of e-commerce and logistics Jingdong Advantages aspects, increase customer base, mid-September, the Group together with Guoxin Securities Group funds, fund size of up to 1 billion yuan, with investment Kingdee [microblogging] the mobile Internet industry layout.

Sector, eighth session of the Fifth Plenary Session will be held later this month, the market hopes the meeting will discuss the Internet industry to support policy development, coupled with the State Council decided to promote rural electricity providers, and strive to achieve 98% broadband coverage of rural households within five years, all of Shares forming positive.

With policy support, new business and expand market shares vision Jingdong have the opportunity, I believe that the Group's share price continued to rise in power. Recommended for 3.4 yuan to buy, target 4 yuan, below the 3 yuan stop loss. (Both)


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