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Kingsoft (03888) rose 4.41% in the Hong Kong stock market, and the game revenue in the second quarter exceeded expectations. It is expected that this momentum will continue in the second half of the year.
Jingu Finance News | Kingsoft (03888) continued the morning's upward trend in the afternoon, showing strong momentum, up 4.41% to HK$21.3 as of the time of publication. UBS released a research report stating that Kingsoft's second-quarter performance was mixed, with gaming revenue increasing by 20% year-on-year, exceeding expectations. It is believed that the strong growth momentum can continue into the second half of the year. Business income from office software and services during the period was lower than expected, with a year-on-year growth rate of only 6%. However, the continuous growth of operating cash flow from individual and corporate users is expected to translate into third-quarter business income growth. Maintaining its 'outperform' rating, taking into account the macroeconomic
Lyon: Maintains the "outperform" rating for Kingsoft (03888), with the target price lowered to HKD 29.5.
The report believes that Kingsoft (03888) will continue its strong growth momentum in the second half of the year.
Kingsoft (03888) spent 5.9975 million Hong Kong dollars on repurchasing 0.2954 million shares on August 23rd.
Kingsoft (03888) announced that it will repurchase shares at a cost of 5.9975 million Hong Kong dollars on August 23, 2024...
Is Kingsoft Corporation Limited's (HKG:3888) Stock Price Struggling As A Result Of Its Mixed Financials?
[Brokerage Focus] Soochow Securities maintains a "buy" rating on Kingsoft Software (03888), bullish on the steady growth of the company's gaming business.
Jingu Financial News | Soochow Securities released a research report, stating that Kingsoft (03888) achieved revenue of 2.474 billion yuan in Q2 2024, a YoY growth of +12.78% and a QoQ growth of +15.77%. The net income attributable to the parent company was 0.393 billion yuan, a YoY growth of +587.84% and a QoQ growth of +38.23%, exceeding the bank's expectations. The bank stated that the company's game business achieved revenue of 1.286 billion yuan in Q2 2024, a YoY growth of +19.89% and a QoQ growth of +41.09%. The YoY growth was mainly attributed to the contribution of games such as "The Dust White Prohibited Zone", while the decline in revenue was partially offset by the natural decline in revenue from "Sword Art Online 3".
Jian Yin International: Maintains a 'Outperform' rating on Kingsoft (03888) with a target price of HK$29.8.
Bank of China International has raised its profit forecast for Kingsoft (03888) in 2024 by 12%.
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