UBS: Upgrade KINGDEE INT'L (00268) rating to "buy," target price slightly raised to 9.8 Hong Kong dollars.

UBS released a research report stating that KINGDEE INT'L (00268) fundamental outlook continues to improve, with the rating upgraded from "Neutral" to "Buy" and the target price raised slightly from 9.7 HKD to 9.8 HKD. The main reason for this upgrade is that the company, after years of transitioning to a subscription model, will continue to benefit from operational leverage, while AI monetization or efficiency improvements will bring additional upside potential. The bank believes that, with its public cloud infrastructure and large customer base, the company is well-positioned to capitalize on the emerging AI demand.