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<Research>CLSA Hikes KINGSOFT (03888.HK) TP to $57.1; Fundamental Improvements, Localization, AI Further Catalysts
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CLSA, in its research report, upgraded KINGSOFT (03888.HK) to High Conviction Outperform, citing continued improvements in the fundamentals of game and cloud business, coupled with policy-driven localization development and the low-cost AI trend brought by DeepSeek, which could serve as further catalysts. The broker raised its FY2025-26 revenue forecast by 4-5% for the company, reflecting the strong online game performance. The target price was hiked to $57.1 from $37.2. AAStocks Financial News |
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