DBS Group: Golden Harvest International (00268.HK) target price of 21.7 Hong Kong dollars, maintains "buy" rating.

According to the report released by DBS, Kingdee International (00268.HK) saw a year-on-year increase of 11.2% in revenue in the first half of the year, meeting expectations. Based on management guidance, the bank is confident that it can achieve profitability for the full year. The bank stated that with the continued economic recovery, the adoption of artificial intelligence applications will drive growth in cloud business. They maintain a "buy" rating for the company and have raised the target price from HK$19.2 to HK$21.7.