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<Research>CLSA Trims KINGSOFT TP to HKD47.4, Cuts Rev. & Profit Forecasts
CLSA released a research report, covering KINGSOFT (03888.HK), which met revenue forecast for 1Q25, but profit missed, primarily due to increased S&M on upcoming Mecha Break, w...
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<Research>CLSA Trims KINGSOFT TP to HKD47.4, Cuts Rev. & Profit Forecasts
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STOCK INFO

CLSA released a research report, covering KINGSOFT (03888.HK)  +0.300 (+0.904%)    Short selling $186.00M; Ratio 23.483%   , which met revenue forecast for 1Q25, but profit missed, primarily due to increased S&M on upcoming Mecha Break, which was delayed until summer, resulting in reduced gaming revenue for the group this year.

However, the broker remained optimistic about its performance post-launch. Furthermore, the company is developing a multilingual version of WPS and establishing an overseas team and S&M strategy, expected to be completed by June.

The broker revised down the group's revenue and net profit forecasts for 2025 by approximately 4% and 15%, respectively, and lowered the target price from HKD57.8 to HKD47.4, maintaining a High Conviction Outperform rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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