triplebonuspoker| Morgan Stanley: The sustainability of Jinshan Software's "overweight" rating deserves attention

Morgan Stanley released a research report sayingtriplebonuspoker, give Jinshan Software an "overweight" ratingtriplebonuspoker, the target price is 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 that as of May 8, the total revenue of "Containment Zone" iOS has reached US$1.6 million, reaching 60% of the total revenue in the peak quarter of the third quarter of 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.