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<Research>CICC Adds KINGSOFT TP to $40 for Excellent Game Biz Growth
Recommend 2 Positive 5 Negative 2 |
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According to a CICC research report, KINGSOFT (03888.HK)'s 3Q24 revenue soared 42% YoY, while its operating profit margin grew 21 ppts YoY or 7.2 ppts QoQ to 39.3%, both exceeding the broker's and the market's expectations, which the broker believed to be driven by strong growth in the gaming business. The broker basically maintained its 2024-2025 revenue and net profit forecasts for the group, while keeping the Outperform rating unchanged with a target price raised by 14% to $40. AAStocks Financial News |
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