KINGDEE INT'L (00268) shares surged 6.16% during intraday trading on Tuesday, as investors reacted to a series of positive developments ahead of the company's board meeting.
The board is scheduled to convene on August 11 to approve interim results and discuss an interim dividend. The company had previously issued a positive profit alert, forecasting first-half revenue growth of 13%–14% year-over-year and a return to net profit, driven by economies of scale in its subscription business and AI-powered efficiency gains. Institutional support also boosted sentiment, with UBS upgrading the stock to Buy and Bank of America reiterating its Buy rating, both highlighting the benefits of the subscription transition and additional AI monetization potential.