Damo lowered Jinshan Software's (03888) game business performance forecast for each year to 2026 by 6.2%, 10.4%, and 10.4%.
The Zhitong Finance App learned that Damo released a research report stating that Jinshan Software (03888)'s game business performance forecast for each year to 2026 was lowered by 6.2%, 10.4%, and 10.4%, mainly due to the limited number of new game launches up to the fourth quarter of this year. In addition, the company's standardized earnings per share for 2024 to 26 increased slightly by 0.4%, decreased by 8%, and decreased by 8.9%, respectively. Taking into account the valuations of Jinshan Office (688111.SH) and Jinshan Cloud (03896), the target price was raised from HK$34 to HK$35, maintaining the “Overweight” rating.