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<Research> CLSA Cuts Kingsoft Corporation (03888.HK) TP to HKD29.1; Game Business Faces Transformation in 2026
Recommend 5 Positive 3 Negative 1 |
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CLSA issued a research report stating that 2026 will be a transformation year for the game business of Kingsoft Corporation (03888.HK), facing management and strategic changes. The broker expects game revenue to decline by more than ten ppts YoY, while office software revenue growth is likely to accelerate to 20% YoY. The broker lowered its revenue forecasts for the group by 7% for this year and next year, and cut its operating profit forecasts by 21% and 16%, respectively, to reflect game-related headwinds. CLSA reduced its TP for Kingsoft Corporation from HKD35.5 to HKD29.1 and maintained an Outperform rating. (hc/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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