Software firm Kingdee jumps 8 pct, Nomura ups price target

Kingdee International Software Co

23/08/2018 07:05

** Shares of Kingdee International Software Group Co Ltd
 0268.HK  rise 8.3 pct to HK$9.13, highest since Aug. 16, after
a broker raises its price target
    ** The stock later trims gains to HK$9.09, still up 7.7 pct
and heading for the best day since Aug. 9 
    ** Nomura maintains "buy" on the stock and raises target
price to HK$10.20 from HK$7.80
    ** Kingdee says H1 profit rises 59.5 pct with revenue up
21.3 pct  urn:newsml:reuters.com:*:nFWN1V60EV
    ** As of the previous close, the stock has risen 91.59
percent so far this year
    ** Hong Kong benchmark index  .HSI  falls 0.3 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)