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KINGSOFT Tumbles 7%+; 1Q25 Results Miss M Stanley's Forecasts
Recommend 1 Positive 6 Negative 2 |
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KINGSOFT (03888.HK) opened down 1.11% this morning and once dived to as low as HKD32.85. It last traded at HKD33.35, down 7.49%, on a volume of 8.0278 million shares, involving HKD269 million. According to KINGSOFT's 1Q25 results, the company's turnover surged by 9.4% YoY to RMB2.338 billion, while its net profit inched down by 0.2% YoY to RMB284 million, with EPS standing at RMB0.21. Morgan Stanley opined in its research report that KINGSOFT's lower-than-expected game revenue and higher-than-anticipated operating expenses for new game testing weighed its revenue and net profit 3% and 25% lower than the broker's expectations respectively. The broker gave the company an Overweight rating with a target price of HKD45. AAStocks Financial News |
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