Kingsoft 3888

Re: Kingsoft 3888

Postby winston » Sat May 30, 2015 7:59 am

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KINGSOFT (03888.HK) Target Raised to $38 by Macquarie

Macquarie, in its latest research report, reiterated KINGSOFT (03888.HK) +0.600 (+1.967%) Short selling $39.85M; Ratio 8.123% Outperform rating, with target price lifted from $31 to $38, reflecting the business growth prospect.

The stock is considered the top pick of China small-cap internet companies.

The research house noted that Kingsoft has long extended the cloud storage service to the healthcare and financial sector clients to reduce the reliance of cloud business on XiaoMi.

The target is to reduce the revenue contribution of XiaoMi to below 50% within 3 years.

Macquarie estimates that the revenue of cloud business will rise 220% to RMB425 million.


Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Jun 04, 2015 6:39 am

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Kingsoft Corporation (3888), meanwhile, is seeking up to US$365 million (HK$2.84 billion) through a placement.

The Chinese software company plans to SELL SHARES at HK$27.35 to HK$28.30 apiece, representing up to 6.65 percent discount to its closing price yesterday, at HK$29.30.


Source: The Standard HK
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Re: Kingsoft 3888

Postby winston » Thu Nov 19, 2015 3:53 pm

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<Research Report>Citi: KINGSOFT (03888.HK) 3Q Revenue Tops Estimates

KINGSOFT (03888.HK) reported 3Q total revenue of RMB1.507 billion, up 18% QoQ and 77% YoY, ahead market consensus and estimates of Citigroup.

However, non-GAAP net profit saw a decline of 55% from preceding year to RMB119 million, 16%/ 22% below consensus and estimates.

The miss was mainly due to non-operating items.

The target price was set at $22.4 and the rating was Buy.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Nov 19, 2015 3:55 pm

<Post-Result>Brokers' Latest Ratings, TPs on KINGSOFT (03888.HK) (Table)

KINGSOFT (03888.HK) announced that for the third quarter ended 30 September 2015, its net profit amounted to RMB475.54 billion, down 79.37% yearly. EPS was RMB0.04.

Credit Suisse, in its report, stated that KINGSOFT's earnings beat estimates. That was mainly driven by the strong revenue in cloud services, better-than-expected performance in game sector and surprising profit from its subsidiary Cheetah.

Our website summarized KINGSOFT's latest investment ratings and target prices issued by six brokers:

Broker / Investment Rating / Target Price (HK$)
BOCOM International / LT Buy / 28.59 -> 29.8
Macquarie / Outperform / 29
First Shanghai / Buy / 26
Citigroup / Buy / 22.4
CICC / Hold / 18
Credit Suisse / Neutral / 16 -> 17.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Nov 19, 2015 3:56 pm

<Research Report>C Suisse Raises KINGSOFT Target to $17.5 on Better-Than-Expected Quarterly Results

KINGSOFT (03888.HK) 3Q turnover leaped 76.81% from previous year to RMB1.507 billion, approximately 5% ahead of market estimates.

Its adjusted diluted EPS of RMB0.15 was higher than consensus of RMB0.05, mainly helped by strong cloud revenue ramp-up, good PC games and better than expected CMCM profitability,

The rating was retained at Neutral and the target price was revised up from $16 to $17.5.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Nov 19, 2015 3:57 pm

KINGSOFT (03888.HK) Subsidiary Cheetah Net Profit Surges 6.9x Last Quarter

KINGSOFT (03888.HK) announced that its subsidiary Cheetah, whose shares are listed on the New York Stock Exchange, reported revenue of RMB1.009 billion for the quarterly results ended 30 September 2015, up 111% from a year earlier.

Net profit escalated 6.9 times to RMB28.76 million.

No dividend was declared.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Nov 19, 2015 3:58 pm

Oct 26, 2015

<Research Report>Citi Initiates KINGSOFT at Buy with Target of $22.4

Citigroup initiated KINGSOFT (03888.HK) at Buy with a target price of $22.4.

The broker stated that KINGSOFT is different from other internet companies as it operates four major businesses of online gaming, mobile advertising, office application software, and cloud computing.

The broker expected that a margin recovery at Cheetah Mobile, the launch of a mobile version of "JX Online III" in 1Q16 and the progress made in cloud computing are upside drivers for 2016E.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Aug 04, 2016 1:48 pm

July 4, 2016

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<Research Report>CICC Downgrades KINGSOFT (03888.HK) to Neutral with Target Slashed to $14

CICC, in its report, downgraded KINGSOFT (03888.HK) to Neutral with target cut to $14.

The company issued an interim profit warning, expecting its profit to be under pressure.

The broker lowered the net profit forecast of the company for 2016 and 2017 by 192.4% and 39.8% to loss of RMB598 million and profit of RMB566 million respectively.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Tue Aug 23, 2016 8:47 am

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Q&A: Kingsoft Management On Gaming, Cloud, Cheetah; CICC Upgrades

By Shuli Ren

Chinese Internet technology firm Kingsoft (3888.Hong Kong), parent company of U.S.-listed Cheetah Mobile (CMCM), soared 6.8% in Hong Kong today after reporting better-than-expected second-quarter earnings. The Hang Seng Composite Index was little changed.

Kingsoft’s second quarter revenue jumped 38% from a year ago to 1.77 billion yuan, 6% above consensus estimates. Non-GAAP net profit rose 66% to 255 million yuan.

In addition to owning a 47% stake in Cheetah Mobile, a mobile app developer, Kingsoft does many things. It is a game publisher, it provides cloud services and it sells word processing software.

This blogger spoke with CEO Hong-Jiang Zhang and CFO Francis Ng this afternoon and asked them what was behind Kingsoft’s earnings beat.

Kingsoft’s share performance was also boosted by analyst upgrades today. CICC upgraded this stock to Buy with a new price target of 20 Hong Kong dollars, implying another 25% upside. In other words, there is still a good 25% conglomerate discount at Kingsoft, if you go with CICC’s estimates.

Analysts Kai Qian and Liping Zhao value the company using sum-of-the-parts analysis. Online games and word processing services are worth 9.5 billion and 5.4 billion yuan each based on 10 and 20 times their 2016 earnings estimate. Cheetah Mobile is worth 11 billion yuan, in line with its current market valuation. Cloud services is expected to generate 1 billion yuan in revenue this year and is valued at 10 billion yuan.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... -upgrades/
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Re: Kingsoft 3888

Postby winston » Tue Aug 23, 2016 10:49 am

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KINGSOFT Expects Game Biz to Enter Harvest Season

KINGSOFT (03888.HK) CFO Ng Yuk Keung said the company recorded RMB500 million cash flow in one month after the launch of JX mobile game and believed the investment in Xishanju in last two years began to monetize and turn into profit.

Source: AAStocks Financial News
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