CLSA has issued a research report forecasting that 2026 will be a transitional year for KINGSOFT's gaming business, marked by leadership and strategic changes. The report anticipates gaming revenue to decline by over ten percent year-on-year, while revenue from office software is expected to accelerate to 20% year-on-year growth. The firm has lowered its revenue forecasts for the group by 7% for this year and next, and reduced operating profit projections by 21% and 16%, respectively, reflecting challenges in the gaming segment. CLSA has adjusted KINGSOFT's target price from HK$35.50 to HK$29.10, maintaining an "Outperform" rating.
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