UBS: Upgraded Kingdee International Software Group Limited (00268.HK) to "Buy" with a slight increase in the target price to HK$9.8.

According to the information obtained from the Zhitong Finance APP, UBS released a research report stating that the fundamentals of Kingdee International (00268.HK) continue to improve. The rating has been upgraded from "neutral" to "buy", with the target price slightly increased from HK$9.7 to HK$9.8. The main reason for this upgrade is that the company, after years of transformation 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 capture the emerging demand for AI.