Kingsoft 3888

Re: Kingsoft 3888

Postby winston » Mon Nov 21, 2016 9:07 am

<Result Ann>KINGSOFT 3Q Net Profit Surges Nearly 2x YoY to RMB142M

KINGSOFT (03888.HK) announced the results for the three months ended 30 September 2016.

Net profit amounted to RMB142 million, up 1.98 times yearly. Basic EPS was RMB0.11.

During the period, turnover was RMB2.227 billion, showing a yearly rise of 47.79%.

The group's profit margin was 65%, down 3 ppts against the previous quarter.

Revenue from the online game, Cheetah Mobile and cloud services, office software and others businesses represented 35%, 50% and 15%, respectively, of the group's total revenue for the third quarter of 2016.

Revenues from the three business lines reflect revenue earned by each of the business lines after elimination of intra-group transactions.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Mon Nov 21, 2016 10:31 am

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Kingsoft Soars On Q3 Beat: Strong Mobile Games

By Shuli Ren

Kingsoft (3888.Hong Kong), parent company of U.S.-listed Cheetah Mobile (CMCM), soared 5% in Hong Kong after reporting better-than-expected September quarter earnings.

Revenue at Kingsoft rose 47.8% from a year ago, or 26.2% quarter-on-quarter, to 2.23 billion yuan, a good 9.1% above consensus.

Revenue from the online gaming business jumped 139% from a year ago to 792 million yuan, while its core Cheetah Mobile saw only 13.6% rise in sales to 1.1 billion yuan.

Kingsoft’s new JX mobile game has been doing very well. In a statement, Kingsoft wrote:
The impressive quarter-over-quarter increase was primarily driven by the outstanding performance of JX Online I mobile game. The robust year-over-year increase was mainly due to the great contribution from the newly launched JX Online I mobile game and the strong and healthy growth of JX Online III, driven by the continuous improvements in optimizing user experience.

Source: Barron's Asia

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

Postby winston » Wed Mar 22, 2017 8:13 am

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KINGSOFT Swings into RMB271M Loss in 2016; Final Div HK$0.1

KINGSOFT (03888.HK) 0.000 (0.000%) Short selling $12.19M; Ratio 5.138% announced the result for the year ended 31 December 2016.

During the period, the group recorded a loss of RMB271 million. The LPS equaled RMB0.21; a final dividend of HK$0.1 was declared.

During the period, the turnover rose 45.91% yearly to RMB8.282 billion; gross profit rose 28.99% yearly to RMB5.62 billion; gross profit margin fell 9 ppts yearly to 67%.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Thu Mar 23, 2017 6:32 am

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Kingsoft reports 271m yuan annual loss, compared with profit of 369m yuan in 2015

Software maker, which also owns Cheetah Mobile, the apps developer, and office software WPS, is to focus now on AI and niche markets in cloud services

Cheetah has more than 600 million users worldwide, more than 75 per cent of which are overseas.


The results were mainly dragged down by impairment costs associated with internet companies Xunlei and 21 Vianet, in which it is a major investor


The loss compares to a profit of 369 million yuan in 2015.

Revenue still grew 46 per cent
to 8.3 billion yuan year over year.


Kingsoft’s cloud unit together with its office software and other businesses, saw a 99 per cent rise in profit to 1.3 billion yuan, while online game sales also surged 86 per cent to 2.5 billion yuan during the same period.


Source: SCMP

http://www.scmp.com/tech/enterprises/ar ... -369m-yuan
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Re: Kingsoft 3888

Postby winston » Mon Jan 15, 2018 3:29 pm

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What’s New

JX1 Mobile has regained its Top 10 ranking in mobile games in November 2017, after launching
a revamped version

JX2 Mobile has started closed-beta testing, and we expect it to be launched in mid-2018.

Valuation of Kingsoft’s stake in Kingsoft Cloud in series D is 73% higher than that in series C

Revised down FY17F/18F net profit by 15%/16% and up 19F net profit by 15%, in view of later-than-expected launch of JX2 Mobile and JX3 Mobile;

Reiterate BUY with TP lifted from HK$29 to HK$34, as we revised up Kingsoft Cloud’s valuation

Valuation:
Our TP of HK$34 is derived from SOTP valuation:
(1) 15x FY18F PE for online games (HK$14);
(2) 10x FY18F PE for Cheetah and WPS (HK$5);
(3) Valuation from series D financing for Kingsoft Cloud (HK$6);
(4) Market capitalisation for 21Vianet and Xunlei (HK$2); and
(5) FY18F net cash (HK$7).

Source: DBS

https://researchwise.dbsvresearch.com/R ... VyaWRAQA==
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Re: Kingsoft 3888

Postby winston » Mon Jan 15, 2018 3:36 pm

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12 Jan, 2017

<Research Report>Nomura Downgrades KINGSOFT(03888.HK) to Neutral with Target Lifted to $27

Nomura, in its report, said KINGSOFT(03888.HK)'s launch of enhanced version of JX Online III was believed to be the reason behind the recent rally of the stock.

Yet, the revenue growth was limited as the enhancement did not contain much new contents while requiring higher PC configurations.

The company was downgraded to Neutral from Buy with target price raised to $27 from $25.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Jul 18, 2018 12:52 pm

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<Research Report>Nomura: KINGSOFT (03888.HK) Attractive Acquisition Target for XIAOMI-W (01810.HK)

KINGSOFT (03888.HK)'s game, JX Mobile III, is scheduled to launch in October, Nomura said in its report, in line with estimates but behind the schedule of management which is in late August/ early September.

Nomura believed it is to avoid competition with Kingsoft-produced JX Mobile II of TENCENT (00700.HK).

The research house held optimistic view on JX Mobile III's prospect despite the above delay.

Nomura said Lei Jun is both the chairman of KINGSOFT and XIAOMI-W (01810.HK), considering the R&D power of KINGSOFT can help tap into internet business potential of XIAOMI-W.

KINGSOFT is an attractive acquisition target of XIAOMI-W in light of approximately US$3.8 billion market cap of KINGSOFT.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Jul 18, 2018 12:55 pm

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May 29, 2018

<Research Report>C Suisse Lifts KINGSOFT (03888.HK) TP to $27.2; Rated Outperform

Credit Suisse foresaw in its report that KINGSOFT (03888.HK)'s 2H18 overall revenue will recover and grow 7% quarterly and 5% yearly to RMB1.35 billion, mainly driven by cloud computing and WPS.

The broker kept Outperform on KINGSOFT at the target price $27.2, lifted from $24.9.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Jul 18, 2018 12:56 pm

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May 24, 2018

<Research Report>CICC: KINGSOFT (03888.HK) Quarterly Results Slightly Exceed Estimates; Rated Recommend

CICC's report pointed out that KINGSOFT (03888.HK)'s 1Q results were slightly ahead of estimates. 2018-19 revenue forecasts were lowered by 3% and 2%.

The broker kept Recommend on KINGSOFT at the target price $37.

Source: AAStocks Financial News
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Re: Kingsoft 3888

Postby winston » Wed Jul 18, 2018 12:56 pm

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May 24, 2018

<Research Report>CICC: KINGSOFT (03888.HK) Quarterly Results Slightly Exceed Estimates; Rated Recommend

CICC's report pointed out that KINGSOFT (03888.HK)'s 1Q results were slightly ahead of estimates. 2018-19 revenue forecasts were lowered by 3% and 2%.

The broker kept Recommend on KINGSOFT at the target price $37.

Source: AAStocks Financial News
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