betriversfreeplay| Morgan Stanley: Give Kingsoft Software an "overweight" rating target price of HK$35

Morgan Stanley released a research report sayingbetriversfreeplay, gave Kingsoft Software (03888) an "overweight" rating with a target price of HK$35. The rebound in the company's total revenue was driven by a major update to the game model. Morgan Stanley believes that the sustainability of Kingsoft Software deserves attention. If it continues, the financial performance of its game division will have room for improvement in the second quarter of 2024.

The report quoted Sensor Tower data, as of May 8,"Dust and White Forbidden Zone"

Zone) Total iOS revenue has reached US$1.6 million, reaching 60% of total revenue in the peak quarter of Q3 2023 in just one month. According to Qimai data, the game ranks fourth among free games in China's iOS App Store in terms of downloads. Morgan Stanley believes that although Jinshan Software's games performed poorly after their debut, it is surprising that they can significantly recover their momentum.