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<Research>BOCI Upgrades KINGSOFT to Buy But Cuts TP to HKD40
Recommend 7 Positive 6 Negative 5 |
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KINGSOFT (03888.HK)'s 3Q25 results were below forecasts, BOCI said in its report. Specifically, KINGSOFT's revenue and net profit were 8-11% and 26-55% lower than expected, primarily due to the weak gaming business. However, revenue from the office software business grew by 26%, partially offsetting the impact. BOCI upgraded KINGSOFT's rating from Hold to Buy but lowered its target price from HKD41.7 to HKD40, considering that the risk-reward ratio of the stock has become more attractive after a nine-month adjustment. AAStocks Financial News |
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