Dahua Jixian: Lower Golden Mountain Software (03888.HK) Target Price to HK$44, Third Quarter Performance Falls Below Expectations.

Zhixin Finance APP learned that Dahua Jixian released a research report, maintaining a "buy" rating on Kingsoft Software (03888.HK) with a slightly lowered target price of 44 Hong Kong dollars, and cautiously optimistic about the growth of the company's fourth-quarter online game revenue. The bank has lowered its forecast for Kingsoft Software's fourth-quarter revenue by 3%, but considering the weak online game revenue and uncertainty in the monetization of new games, it has maintained its revenue forecast for next year unchanged. The bank also lowered its adjusted net profit forecast for the company's fourth quarter this year by 6% to reflect increased AI-related investments.