Kingsoft 3888

Re: Kingsoft 3888

Postby winston » Sat Dec 12, 2020 8:33 pm

not vested

Nov 17, 2020

KINGSOFT (03888.HK) 3Q Net Profit RMB667M, Up 17.5x YoY

KINGSOFT(03888.HK) announced that the third quarter results ended September 2020.

Revenue rose 33.5% yearly to RMB1.397 billion.

Net profit reached RMB667 million, up 1749.3% yearly.

EPS equaled RMB0.49.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Sat Dec 12, 2020 8:39 pm

not vested

Kingsoft Corporation (3888 HK)

3Q20: Weaker Online Game Performance In A Soft Season; WPS Continues To Drive Earnings

Kingsoft reported strong results for 3Q20.

Revenue increased 33.5% yoy to Rmb1.4b, and gross profit increased 40% yoy to Rmb1.2b, both in line with consensus estimates.

Non-IFRS operating margin expanded 9ppt yoy.

Non-IRFS net profit declined 38.2% yoy to Rmb330m, beating street estimate of Rmb324m.

Maintain BUY and target price of HK$60.00.

Source: UOBKH

https://research.uobkayhian.com/content ... b99ab4b2b1
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Tue Jan 05, 2021 9:19 am

not vested

Kingsoft Corp – BUY

The future of Kingsoft is expected to be underpinned by the strong growth in its WPS
segment amid a softer game performance and a potential delay in new games launches as the IP approval has been pushed to 1Q21.

For 2021, we estimate online game revenue to grow 29% yoy and WPS revenue to register 47% yoy growth. We believe the asset-light business model of WPS will continue to enable the company to sustain its overall margin performance (WPS operating margin 35-40% vs online games’ 30%).

Moving forward, management expects its flagship game - JX Online III PC games - gross
billing to peak in 2021. It also expects to continue to improve online games’ overall margins, given that JX Online III is a self-developed game.

On the WPS segment, management is committed to achieve its target of 90% market share (estimated Rmb30b) in China with continued focus on its R&D initiatives in the short to medium term.

Maintain BUY and target price of HK$60.00, which implies 21x 2021F PE, lower than its 5-year historical average of 28x.

Share Price Catalyst

Events:
a) Continued rollout of JX Online III expansion pack;
b) strong growth in WPS revenue from licenced software and subscription services; and c) WPS Office’s penetration into other business segment.

Timeline: 1H21

Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Wed Jan 27, 2021 9:17 am

not vested
Kingsoft Corporation (3888 HK)
4Q20 Results Preview: WPS Profit Alert


Beijing Kingsoft Office Software (688111 CH) issued a profit alert on 27 January that its
FY20 net profit after tax is estimated to reach Rmb801.2m-921.3m, representing a yoy
increase of 100-130%.

We are amazed by the company’s solid growth prospects moving forward, and remain confident that WPS will eventually become the core growth engine vs the gaming segment moving forward.

We maintain our BUY rating for Kingsoft with a higher target price of HK$90.00.

Source: UOBKH

https://research.uobkayhian.com/content ... 8ece46f5cb
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Wed Feb 24, 2021 3:20 pm

vested

KINGSOFT's Arm Kingsoft Office Annual NP RMB879M, Up 1.2x

KINGSOFT (03888.HK) announced that Kingsoft Office (688111.SH), a subsidiary of the Company listed on the SSE STAR Market, published its preliminary results announcement for the year ended 31 December 2020.

Net profit burgeoned 119.6% YoY to RMB879 million, with an EPS of RMB1.91.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Mon Mar 01, 2021 2:29 pm

sold

Kingsoft (3888 HK) - Pullback creates opportunity for exposure to strategic growth areas

In our view, the rising US 10Y yield has been a significant factor in contributing to the recent derating of Kingsoft’s share price, and we believe that this creates an opportunity for exposure to strategic and high-growth areas, especially in office software and cloud.

We are increasingly constructive on Kingsoft Cloud’s (unrated) outlook for 2021 on the back of premium customer growth, with a focus on leading enterprises within selected fast-growing verticals (e.g. games, video, financial services).

We believe that the enterprise cloud business should maintain a fast growth trend, which should be positive given its relatively higher gross margins.

On WPS, we believe that it is strategically placed to benefit from the government’s direction of adopting domestic products in key technology areas, given its leading position in domestic office software services and coverage of governmental bodies and SOEs.

On its games business, we are positive on its upcoming new mobile titles, with Final Fantasy Brave Exvius: War of the Visions obtaining its game license on Feb 9. BUY.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Mon Mar 01, 2021 2:29 pm

sold

Kingsoft (3888 HK) - Pullback creates opportunity for exposure to strategic growth areas

In our view, the rising US 10Y yield has been a significant factor in contributing to the recent derating of Kingsoft’s share price, and we believe that this creates an opportunity for exposure to strategic and high-growth areas, especially in office software and cloud.

We are increasingly constructive on Kingsoft Cloud’s (unrated) outlook for 2021 on the back of premium customer growth, with a focus on leading enterprises within selected fast-growing verticals (e.g. games, video, financial services).

We believe that the enterprise cloud business should maintain a fast growth trend, which should be positive given its relatively higher gross margins.

On WPS, we believe that it is strategically placed to benefit from the government’s direction of adopting domestic products in key technology areas, given its leading position in domestic office software services and coverage of governmental bodies and SOEs.

On its games business, we are positive on its upcoming new mobile titles, with Final Fantasy Brave Exvius: War of the Visions obtaining its game license on Feb 9. BUY.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Wed Mar 24, 2021 9:59 am

not vested

Kingsoft Corp (3888 HK)
4Q20: Solid WPS Saved The Day


Kingsoft reported strong results for 4Q20.

Revenue increased 8.4% yoy to Rmb1.6b, in line with consensus estimates.

Gross margin was flattish yoy at 83.9%, meeting our and street estimate as well.

Adjusted net profit grew by 83.6% yoy to Rmb413m, beating the street’s estimate of Rmb192m.

We continue to remain positive on the company given management’s commitment in continuing R&D investment in the WPS segment.

Maintain BUY with a lower target price of HK$75.00.

Source: UOBKH

https://research.uobkayhian.com/content ... d057686bc2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Thu Mar 25, 2021 2:24 pm

not vested

Kingsoft (3888 HK) - Encouraging gaming traction

Kingsoft Corp’s (Kingsoft; 3888 HK) 4Q20 revenue grew 8% YoY to RMB 1.6b, which came in ~1% above consensus, with game revenue clocking growth of 5% QoQ.

OPM for the quarter was firm at 34.9%, which marked a ~30 bps improvement on a YoY basis.

On its gaming business, management expects faster growth than in 2020, driven by new game launches and its publishing business.

As it relates to Kingsoft Office, we understand that government tender saw some delays in 2020 due to the pandemic; management is confident on the progress of software localisation in China but highlights that the pace is determined by the government.

Given the cash levels on the balance sheet, management highlighted that some of this will primarily be deployed on M&A in SaaS, which will help to expand WPS Office’s product matrix.

On Kingsoft Cloud, management highlighted that for 2021, it expects to maintain high growth and further improve on profitability.

Management will also look to enhance its presence in healthcare and verticals, in addition to short video. We increase our FV slightly from USD64 to USD65. BUY.

Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Wed May 26, 2021 8:01 am

Kingsoft Corp net jumps to 117m yuan

Kingsoft Corporation (3888) said net profit skyrocketed by 17.6 times year-on-year to 117 million yuan (HK$912.6 million).

But net profit fell by 47 percent, from a quarter ago.

Revenue grew by 33 percent year-on-year to 1.56 billion yuan, but fell by 3 percent, quarter-on-quarter.

Online games and other income fell slightly to HK$789 million year-on-year and fell by 7 percent, quarter-on-quarter. The quarter-on-quarter drop was largely due to the natural declining life cycles of existing mobile games.

The overall gross profit margin was up by 1 percentage point to 84 percent year-on-year.

Chairman Lei Jun, said the quarterly “results signal a good start for the year as we continued to focus on office application services for governments, enterprises and individuals, and high-quality IPs and premium games. ''

Source: The Standard

https://www.thestandard.com.hk/breaking ... -117m-yuan
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to D to K

Who is online

Users browsing this forum: No registered users and 8 guests