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<Research>M Stanley Trims KINGSOFT (03888.HK) TP to $33, Keeps Rating Equalweight
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Morgan Stanley released a research report lowering its 2025-2027 revenue forecasts by 3.6%/ 3.7%/ 3.5% to reflect the weaker-than-expected game business performance, after incorporating data from KINGSOFT (03888.HK)'s 3Q25 results. Due to lower revenue and gross margin forecasts, coupled with higher capital expenditure expectation, the broker reduced its adjusted EPS estimations for the Company by 12.4%/ 5.8%/ 9.6%. Therefore, Morgan Stanley trimmed its target price for KINGSOFT from $38 to $33, with rating kept at Equalweight. AASTOCKS Financial News Website: www.aastocks.com |
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