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Morgan Stanley reports significantly improves Kingsoft Software valuation prospects

Morgan Stanley has recentlydeuceswildbonuspokerfreein the report ofdeuceswildbonuspokerfree, actively adjusted Kingsoft Software's future revenue forecast. Analysts raised Kingsoft's revenue forecast for the fiscal years 2024 to 2026 by 2% and 1% respectivelydeuceswildbonuspokerfree.8% and 1deuceswildbonuspokerfree.6%。The move highlights recognition of the growth potential of the company's games business, especially the forecast of a 10% annual growth in game revenue in fiscal 2024.

In addition, Morgan Stanley also lowered its sales expense forecast for Kingsoft Software for the fiscal years 2024 to 2026 by 6.2%, 5.6% and 5.1% respectively. This adjustment is based on the company's performance in the first quarter and shows the importance the management team attaches to cost control. At the same time, analysts have shrunk Kingsoft's joint venture loss assumptions to reflect the company's progress in reducing losses in this area.

Morgan Stanley's analysis further pointed out that Kingsoft's business has made positive progress in multiple areas. Based on these positive signals, Morgan Stanley raised its target share price of Kingsoft Software from HK$35 to HK$36 and gave an investment rating of "overweight".