Glonghui, May 11 | Morgan Stanley released a research report stating that it “added” the rating to Jinshan Software, with a target price of HK$35. The rebound in the company's total revenue was driven by a major update to the game mode. Damo believes that the sustainability of Jinshan Software is worth paying attention to. If it continues, the financial performance of its gaming division will have room to improve in the second quarter of 2024. The report quoted Sensor Tower data. As of May 8, the total revenue of “Containment Zone” (Containment Zone) iOS had reached 1.6 million US dollars, reaching 60% of the total revenue for the peak quarter of the 3rd quarter of 2023 in just one month. According to Qimai (Qimai) data, the game ranked fourth among free games in the Chinese iOS App Store in terms of downloads. Dama believes that it is surprising that although Jinshan Software's game performed mediocre after its debut, it was able to regain momentum drastically.
大行评级｜大摩：予金山软件“增持”评级 可持续性值得关注
Big Bank Ratings｜Damo: Giving Jinshan Software's “additional” rating sustainability is worth paying attention to
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