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14257 BPKSOFT@EC2604A (CALL)
RT Nominal down0.077 -0.009 (-10.465%)

28/11/2025 16:04

{I-bank focus}Morgan lowers Kingsoft (03888) to HKD33

[ET Net News Agency, 28 November 2025] Morgan Stanley lowered the target price for
Kingsoft (03888) to HKD33 from HKD38 and maintained the "equal-weight" rating.
The research house said incorporating the 3Q25 results, it lowers revenue forecasts by
3.6%, 3.7% and 3.5% for 2025-27E respectively to reflect the miss in the gaming business.
(rc)

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