Morgan Stanley released a research report saying that Kingsoft Software (03888) raised its normalized earnings per share forecast for the next three years by 12biggoldfish. 4%, 13.8%, 9.3%, and the target price increased by 2.9% from HK$35 to HK$36 to reflect its forecastbiggoldfishRevised to maintain the "overweight" rating.
The report stated that considering Kingsoft Software's guidance of a 10% annual increase in game revenue in 2024, Morgan Stanley raised its revenue forecasts for 2024, 2025 and 2026 by 2%, 1.8% and 1.6% respectively. At the same time, the Group's three-year sales expense assumptions were lowered by 6.2%, 5.6% and 5.1% to reflect the first quarter results.