[ET Net News Agency, 12 January 2018] Nomura Research lifted its target price for
Kingsoft Corporation (03888) to HK$27 from HK$25, and downgraded its rating to "neutral"
from "buy".
The research house said Kingsoft launched the enhancement version (EV) of JX Online III
on 29 December 2017, which partly contributed to the recent rally.
Nomura believes the incremental revenue from the EV would be limited, as Kingsoft merely
updated the graphics without too much fresh content. The EV has particular higher
requirements on PC configurations, which drew criticisms from gamers.
Nomura said its checks with industry experts indicate that the launch of Mobile JX III
should come near the end-2018/early 2019, versus Nomura/market estimate of 1H 2018. Thus,
its revenue contribution for 2018 is likely to be smaller than current market
expectations. (KL)
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03888 KINGSOFT
Nominal 
22.150 +0.350 (+1.606%) Others
12/01/2018 10:42
[I-bank focus]Nomura lowers Kingsoft (03888) to "neutral"
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