0932 GMT - Kingdee International could turn profitable in 2025 after a likely small net loss for 2024, Jefferies analysts say in a research note. Kingdee is Jefferies's 2025 top pick in China's software sector as it's on track to deliver double-digit revenue growth this year. Market competition has become more benign in recent years, while Kingdee has gained significant market share in China's enterprise resource planning market since 2020, they say. Kingdee recently said it has integrated DeepSeek into its software-as-a-service platform. The analysts think DeepSeek is a much better and cheaper open-source model than previous ones, but it is too early to discuss the return on investment. Shares last ended 15% higher at HK$12.38. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 04:32 ET (09:32 GMT)
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