Kingsoft 3888

Re: Kingsoft 3888

Postby winston » Tue Aug 23, 2016 10:51 am

<Post-Result>Brokers' Latest Investment Ratings & TPs for KINGSOFT (Table)

KINGSOFT (03888.HK) reported 47.04% yearly rise in 1H16 turnover to RMB3.517 billion.

During the period, the loss of RMB674 million was recorded, with LPS of RMB0.52.

No interim dividend was declared.

For the second quarter, the loss amounted to RMB808 million, against net profit of RMB93.972 million in the year-ago period.

The following is the investment ratings and target prices from four brokers summarized by AAStocks. Com:

Broker/ Investment Rating/ Target Price (HK$)
CICC/ Hold->Buy/ 14->20
Nomura/ Neutral->Buy/ 16.5->19.5
Macquarie/ Outperform/ 19
BOCOM International/ Long-term Buy/ 17.2->17.4

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Tue Aug 23, 2016 10:53 am

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Aug 19, 2016

<Result Ann>KINGSOFT Swings into Interim Loss of RMB674M

KINGSOFT (03888.HK) announced the interim result of 2016.

During the period, the turnover rose 47.04% yearly to RMB3.517 billion;

A loss of RMB674 million was recorded with an LPS of RMB0.52.

No interim dividend was declared.

A net profit of RMB209 million was recorded a year ago.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Aug 24, 2016 3:40 pm

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<Research Report>C Suisse Upgrades KINGSOFT to Outperform with Target Lifted to $20

Credit Suisse, in its report, upgraded KINGSOFT (03888.HK) to Outperform with target price lifted to $20 from $14.

The broker said the worst situation was over, and the broker expected mobile games to drive revenue growth in the coming 1-2 years; cloud services growth will be a mid-term catalyst.

The broker believed Kingsoft can be a mini-version of Netease, in which mobile games drove up the share price by 40% in three months.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Aug 24, 2016 3:40 pm

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<Research Report>C Suisse Upgrades KINGSOFT to Outperform with Target Lifted to $20

Credit Suisse, in its report, upgraded KINGSOFT (03888.HK) to Outperform with target price lifted to $20 from $14.

The broker said the worst situation was over, and the broker expected mobile games to drive revenue growth in the coming 1-2 years; cloud services growth will be a mid-term catalyst.

The broker believed Kingsoft can be a mini-version of Netease, in which mobile games drove up the share price by 40% in three months.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Aug 24, 2016 3:41 pm

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<Research Report>Macquarie Lifts KINGSOFT Target to $20; Rated Outperform

Macquarie, in its report, said the 2Q result of KINGSOFT (03888.HK) was above Macquarie's estimates and street consensus.

Mobile game Jianxia Qingyuan showed strong performance as it recorded about RMB500 million gross revenue in June; the mobile games cooperating with Xiaomi and TENCENT (00700.HK) will be launched in 4Q16 and 1H17.

The broker expected the mobile games revenue to grow from RMB46 million in 2Q16 to RMB210 million in 3Q16.

The broker lifted the earnings forecast for 2016/17 by 26%7%; lifted the target price from $19 to $20 with rating Outperform.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Aug 24, 2016 3:43 pm

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<Research Report>Nomura Upgrades KINGSOFT (03888.HK) to Buy with Target Lifted to $19.5

Nomura, in its report, upgraded KINGSOFT (03888.HK) to Buy from Neutral with target lifted to $19.5 from $16.5 after the company had announced the interim results.

The research house said the revenue of the company met estimates, mainly due to better-than-expected performance of JX Mobile and stable growth of JX Online.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Sep 21, 2016 11:21 am

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<Research Report>Nomura Raises KINGSOFT (03888.HK) Target to $25; Reiterated Buy

KINGSOFT (03888.HK)'s management has changed recently.

Chairman Lei Jun emphasized atn the analyst meeting that Kingsoft Cloud and WPS will be important to the company's long-term development while Seasun and Cheetah will also create shareholder's value in near term.

The research house was confident of KINGSOFT's resilient mobile game revenue and unique positioning of cloud business.

Target was raised to $25 with rating reiterated at Buy.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Sep 21, 2016 11:23 am

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<Research Report>C Suisse Lifts KINGSOFT (03888.HK) Target to $21; Rated Outperform

Credit Suisse, in its report, said KINGSOFT (03888.HK)'s new CEO Zou Tao showed upbeat tone on mobile game performance:

JX I mobile recovered in past two weeks; JX II mobile's testing is better than expected;

JX III mobile is the most promising among the three. It also disclosed the product schedule for 2017-18.

The broker maintained Outperform, with target price lifted from $20 to $21, and revised up the 2017 revenue and earnings foreacst by 4%/7%.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Mon Oct 17, 2016 2:07 pm

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KINGSOFT Expects Operating Profit to Grow in 3Q

KINGSOFT (03888.HK) announced that during the three months ended 30 September 2016, JX Online I mobile game maintained outstanding performance, which is expected to lead to a significant quarter-over-quarter/year-over-year increase in the Company?s operating profit for the third quarter of 2016.

In addition, as at 30 September 2016, the market price of the American depositary shares (ADS(s)) of Xunlei was US$5.39 per ADS, representing a slight increase as compared with its market price of US$5.24 per ADS as at 30 June 2016.

Meanwhile, the market price of 21Vianet?s ADSs as at 30 September 2016 was US$7.95 per ADS, representing a further decrease as compared with its market price of US$10.21 per ADS as at 30 June 2016.

In accordance with IFRSs, any subsequent losses, including any portion attributable to foreign currency changes, are also recognised in profit or loss until the underlying asset is derecognised.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Mon Oct 17, 2016 2:12 pm

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UPDATES WITH RESPECT TO ADDITIONAL IMPAIRMENT PROVISION

Despite the additional Provision of US$21.60 million, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 30 September 2016 and the information currently available to the Company, it is expected that the Group will record a consolidated profit for the three months ended 30 September 2016 while the
previous Provision as at 30 June 2016 led to a loss for the three months ended 30 June 2016.

This is mainly attributable to the outstanding performance of JX Online I mobile game for the three months ended 30 September 2016. The Company launched JX Online I mobile game as its first JX Online mobile game at the end of this May. As disclosed in the Company’s interim results announcement dated 19 August 2016, the outstanding performance of JX Online I mobile game has been very encouraging, and its monthly gross billing achieved RMB506.80 million in June 2016, far exceeding the Company’s expectations.

During the three months ended 30 September 2016, JX Online I mobile game maintained outstanding performance, which is expected to lead to a significant quarter-over-quarter/year-over-year increase in the Company’s operating profit for the
third quarter of 2016


http://www.hkexnews.hk/listedco/listcon ... 010091.pdf
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