BOC International: Upgrade Jinshan Software (03888.HK) rating to "buy", target price lowered to HK$40.

According to the Wisdom Financial APP, CCB International released a research report stating that Kingsoft Corporation (03888.HK) is expected to perform below expectations in the third quarter of this year, with revenue expected to be 8% to 11% lower than expected and net profit 26% to 55% lower than expected, mainly due to weak performance in the gaming business. However, revenue from the office software business increased by 26%, partially offsetting the impact. The bank has raised Kingsoft's rating from "hold" to "buy", with a target price lowered from 41.7 Hong Kong dollars to 40 Hong Kong dollars, as after a nine-month adjustment, the risk-return ratio of the stock price has become more attractive.