Goldman Sachs: Raises Ming Yuan Cloud (00909.HK) target price to HKD 2.55, maintains "neutral" rating.

According to the Wisdom Finance APP, Goldman Sachs released a research report stating that due to the lower-than-expected mid-term performance of Kingsoft Cloud (00909.HK), coupled with continued pressure on the Chinese real estate industry, the company's revenue forecast for 2025 to 2027 has been lowered by 9% to 12%. It is expected that its overseas business and artificial intelligence plans will be able to recover revenue growth in the midterm. Benefiting from the efficiency improvement of artificial intelligence, the bank raised the company's adjusted net profit margin for 2027 by 1.6 percentage points and raised the target price from 2.25 Hong Kong dollars to 2.55 Hong Kong dollars, maintaining a "neutral" rating.