CICC International: Revises down Kingsoft Corporation's (03888.HK) target price to HKD 42, maintains "buy" rating.

According to the Wise Wealth APP, CICC International released a research report stating that Kingsoft Corporation (03888.HK) faced revenue pressure in the second quarter due to the high base effect of its key games, leading to a decline in profit margins due to decreased revenue and increased investments in AI and marketing expenses for new games. The bank has lowered its forecast for Kingsoft's gaming revenue and profit for this year, and has lowered the target price from 46 HK dollars to 42 HK dollars, while maintaining a "buy" rating.