China Software & IT Services – A mixed outlook for China cloud amid rising China-US tension
Structural changes in China cloud market. There are three structural changes in China cloud market since the internet sector crackdown in 2021.
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Kingdee (268 HK) – Loss reduction on track
Kingdee reported its 1H23 results: revenue was up 16.8% YoY to RMB2.6bn, 1.2% shy of Bloomberg consensus, while the net loss of RMB284mn was 8%...
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Kingdee (268 HK) – SaaS and Xinchuang both in good shape
Kingdee reported in-line FY22 results with revenue growth of +17% YoY to RMB4.87bn. Core SaaS product Galaxy growth momentum remained strong with...
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Kingdee (268 HK) – Bidding data implied accelerated software substitution
We expect Kingdee to deliver FY22E revenue of RMB4.8bn (+15% YoY) with net loss widened to RMB395mn (vs. –RMB302mn in FY21).
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Ride on the Growth of China’s Largest Tech Companies
The Lion-OCBC Securities Hang Seng TECH ETF will commence trading on SGX on 10 December 2020, offering investors low cost and direct access to...
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