Kingdee International down 4% but great fortune refers to the value of more than Ufida attract

Source: Internet
Author: User
Keywords Ufida Premium HK $
The earlier announcement of the new 90 million-share IPO financing of HK $123.3 million by the first old post-Hong Kong International has rebounded, but shares are still down 3.7% to HK $1.3 and 2.67 million shares.  The report said it reiterated the unit's buying rating and set the target price up to HK $1.86, which was 15 times times the 2010 earnings ratio, which coincided with its 5-year historical average P/e ratio, a hefty premium of 43% per cent on market prices. Dafo said that Kingdee International is expected to be more active this year in mergers and acquisitions activities, it needs more capital. But Kingdee Management said the company's business had not seen a real recovery since the start of the year, and it expects sales to be flat in the first half of 09 and double-digit growth in the second half of 09. Maintain a 09-year profit forecast of 175 million yuan, earnings per share of 0.091 yuan, and the 2010 earnings forecast slightly increased by 5% to reflect the software and related implementation services sales will further increase the forecast. The current valuation of Kingdee International is more attractive than that of the industry's Ufida (600588-CN), which now has a price-to-earnings ratio of about 30 times times.
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