CLSA Cuts KINGSOFT Price Target to HK$29.10, Cites Gaming Business Transition in 2026

Stock News

04/02

CLSA has issued a research report forecasting that 2026 will be a transitional year for KINGSOFT's gaming business, marked by leadership and strategic changes. The report anticipates gaming revenue to decline by over ten percent year-on-year, while revenue from office software is expected to accelerate to 20% year-on-year growth. The firm has lowered its revenue forecasts for the group by 7% for this year and next, and reduced operating profit projections by 21% and 16%, respectively, reflecting challenges in the gaming segment. CLSA has adjusted KINGSOFT's target price from HK$35.50 to HK$29.10, maintaining an "Outperform" rating.

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The report anticipates gaming revenue to decline by over ten percent year-on-year, while revenue from office software is expected to accelerate to 20% year-on-year growth. The firm has lowered its revenue forecasts for the group by 7% for this year and next, and reduced operating profit projections by 21% and 16%, respectively, reflecting challenges in the gaming segment. CLSA has adjusted KINGSOFT's target price from HK$35.50 to HK$29.10, maintaining an \"Outperform\" rating.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"熱門中概股","start_time":0,"source_url":"","article_id":"1156707435","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156707435","pubTimestamp":1775117201,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CLSA has issued a research report forecasting that 2026 will be a transitional year for KINGSOFT's gaming business, marked by leadership and strategic changes. 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