On November 20, Glory Holdings reported that morgan stanley released a research report indicating that kingsoft's third-quarter revenue exceeded the bank's expectations by 14%, with game revenue growing 78% year-on-year, surpassing the bank's expectations by 27%. During the period, operating profit and net income were 86% and 54% higher than morgan stanley's predictions, respectively. The bank raised the group's target price from HK$32 to HK$36 and maintained a "shareholding" rating. morgan stanley raised kingsoft's revenue forecasts for 2024 to 2026 by 2%, 2.8%, and 1.7%, respectively, to reflect the surprises brought to the market by the group's gaming business, and also raised the operating profit forecasts for 2024 to 2026 by 10.2%, 9.4%, and 6.4%, respectively.