Morgan Stanley: Reiterates KINGSOFT 'Shareholding' rating, raises Target Price to 41 Hong Kong dollars.

Morgan Stanley released a research report stating that it believes KINGSOFT's (03888) gaming business is performing strongly, and the renewed partnership between Kingsoft Cloud and Xiaomi brings considerable upward potential for market expectations regarding KINGSOFT. The firm reiterated its 'Shareholding' rating on KINGSOFT and raised the Target Price from HKD 36 to HKD 41. Morgan Stanley pointed out that gaming and cloud services collaboratively boost earnings estimates, raising KINGSOFT's earnings per share forecasts for 2025 and 2026 by 6%, which are 16% and 18% higher than market predictions, respectively, considering the current PE prediction of 17 times for 2025 to be attractive.

Sina Hong Kong Stock33minutes ago

SpaceX's valuation has soared to 350 billion USD! Morgan Stanley is promoting a special loan to help employees profit from stock ownership.

As SpaceX's valuation reaches a historic high of 350 billion U.S. dollars, it not only pushes Musk's net worth to a new peak but also brings indirect benefits to Morgan Stanley.

Zhitong Finance18:45 ET

KBRA Assigns Ratings to Morgan Stanley Direct Lending Fund

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Morgan Stanley Offering SpaceX Employees Loans as Its Valuation Rises: Report

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Another Week, Another Index Record | Lkive Stock

Kevin TraversDec 16 10:42 ET

Morgan Stanley: raises WESTCHINACEMENT Target Price to HKD 1.5, CR BLDG MAT TEC to HKD 2.3.

Morgan Stanley released a research report stating that the Cement Industry has made adjustments following severe losses in the first half of the year, coupled with production control policies, which should help avoid overproduction of cement and enhance industry consolidation. The firm believes that leading cement manufacturers will benefit from new supply regulations and that cement will not be impacted by potential competition. Morgan Stanley noted that the construction starts and completions in the property sector may continue to decline next year. New Infrastructure and industrial investment may experience moderate growth, leading to weak demand for Building Materials in the later stages. Furthermore, leading manufacturers have become more cautious in their sales policies. The firm downgraded CR BLDG MAT TEC (01313) for 2024.

Sina Hong Kong stocksDec 15 23:03 ET