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The Hang Seng Index rose by 41 points, Kingsoft surged quickly, while Xpeng retraced after its results.
nvidia (NVDA.US) rose nearly 5% before the earnings announcement, leading the Nasdaq to gain 195 points or 1% on the night of the 19th, while the Dow dropped 120 points or 0.3%. Hong Kong stocks fluctuated upward. The Hang Seng Index opened 40 points lower, initially dropped 87 points to 19,575 points, then rebounded, at one point rising 89 points to 19,752 points, ultimately closing up 41 points or 0.2% at 19,705 points; the national index rose 6 points or 0.1% to close at 7,090 points; the hang seng tech index rose 18 points or 0.4% to close at 4,413 points. The total trading volume of the market for the day was 114.671 billion yuan. Alibaba-W (09988.HK)
DBS Bank Rating丨Dah Sing Bank: Kingdee benefits from ERP spending confidence improvement, raising target to HK$12.4.
On November 20, Guolonghui reported that DBS expressed that mainland enterprises have improved their confidence in ERP (Enterprise Resource Planning) spending, raising the target price of Kingdee Int'l (0268.HK) from HKD 10.4 to HKD 12.4, and reaffirming the "buy" rating. The report indicates that a series of stimulus policies in China have further boosted enterprises' confidence in ERP spending, and Kingdee is the second largest ERP software provider in China with a strong market position, and is expected to benefit from this. The company benefits from its competitive cloud products and new AI features, and is expected to continue to outperform in the industry. DBS has projected the revenues of Kingdee for 2025 and 2026.
[Brokerage Focus] Guoyuan International expects that the demand for internet plus-related IT services in the fourth quarter can be sustained.
Jingu Finance | GuoYuan International believes that the recent performance of Hong Kong stocks is under pressure internally and externally. On the one hand, the market performance faces pressure from lower-than-expected fundamental data and reduced risk preference for funds. On the other hand, the combination of policies and accelerated issuance of special bonds is expected to drive moderate economic recovery. Therefore, Hong Kong stocks are currently in a volatile pattern, and it is difficult to break away from the volatile market situation in the short term. It is recommended to focus on high dividends, policy support, and structurally advantageous sectors such as internet leaders. In the US stock market, the PE and market cap levels have reached historical highs, and the market is concerned that future earnings growth may not support the existing valuations. Once the growth slows down, there will be significant downward pressure on secondary market performance.
Hong Kong stock unusual movement | Kingdee Int'l (00268) is now up more than 9%, the company's business realization logic is strengthening, with better growth potential than comparable overseas companies.
kingdee int'l (00268) is now up more than 9%, as of the time of writing, up 9.25%, at 9.09 Hong Kong dollars, with a turnover of 0.274 billion Hong Kong dollars.
Hong Kong stocks movement | Kingdee Int'l (00268) rises over 5% as it recently launched the AI-native mobile application Cangqiong APP and inaugurated a datacenter in Singapore.
Kingdee Int'l (00268) rose by more than 5%, as of press time, up by 5.02%, closing at 9 Hong Kong dollars, with a turnover of 83.7844 million Hong Kong dollars.
Express News | Kingdee Group President Zhang Yong: Based in Singapore, radiating Southeast Asia.
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