Morgan Stanley: "Overweight" rating on Kingsoft (03888) with a target price raised to HK$32.

07/11/2024

GMT Eight

Morgan Stanley released a research report stating that after upgrading KINGSOFT's (03888) game revenue growth forecast for this year to 28%, it has raised the group's income forecast from this year to 2026 by 0.6% to 2.2% to reflect its recent forecast for Kingsoft Office and strong performance in the gaming business. The target price has accordingly been raised from HK$28 to HK$32, with a "hold" rating.

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Morgan Stanley: "Overweight" rating on Kingsoft (03888) with a target price raised to HK$32.

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