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Mirae Asset has published a research report on Perfect World
PWRD lowering the price target.
In the report, Mirae Assets wrote, "Perfect World's (
PWRD) 2Q results and 3Q guidance were in
line with our expectations. Top line grew 8% q-q and 31% y-y, beating our estimate by 1% and consensus by 11%. Company guided 3Q sequential growth of -3% to 3%, comparing to our estimate of -5% q-q. Overseas subsidiaries recorded a 15% q-q and 42% y-y growth, which is one time in nature."
Mirae Assets rated Perfect World a BUY with a price target lowered from $28.00 to $27.00. Perfect World closed Monday at $18.60.
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