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RTNominal down25.550 -0.300 (-1.161%)
Research Report

23/11/2023 15:22

{I-bank focus}Jefferies lowers Kingsoft (03888) to HKD34

[ET Net News Agency, 23 November 2023] Jefferies lowered its price target for Kingsoft
(03888) to HKD34 from HKD40 and maintained its "buy" rating.
The research house said it expects the Cloud and WPS segments to enjoy rapid growth in
the long run, although the Cloud industry is in the early stages and WPS has a low paying
ratio currently.
It is positive on the company's three business segments: gaming business to become a
cash cow; improving fundamentals in Kingsoft Cloud; and secular growth story for WPS on a
low paying ratio. (RC)

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