CLSA reports growing enthusiasm for Kingsoft Corporation (3888.HK) driven by its upcoming game Mecha Break, which has garnered over 200,000 Steam wishlists and strong initial beta feedback. The game is scheduled to launch on PC in July, with a console version expected in 2025.
While monetisation visibility remains low, CLSA sees positive investor sentiment and strong user interest as encouraging indicators. The broker highlights that although timelines for other game titles have shifted, Mecha Break could serve as a meaningful catalyst for Kingsoft’s gaming segment.
CLSA maintains a Buy rating with a 12-month target price of HK$29, suggesting upside potential from current levels.
