by winston » Fri May 17, 2019 1:11 pm
not vested
KINGSOFT(3888)
Analysis:
The Group released its operating performance for the first quarter, where the revenue dropped by 1.8% QoQ, but increased by 36.6% YoY, due mainly to the robust growth in cloud service, almost doubled YoY.
Besides, the performance of Office software and other services was decent, up by 35.4% YoY in terms of revenue.
However, the revenue of Online game dropped slightly by 5.2%, due to the natural declining life cycles of existing games.
It is believed that “JX Online III” will be launched in the second quarter, becoming a new driver for the Online game. Until now, the number of bookings has already reached 12 million.
Meanwhile, the Group will launch WPS Office 2019 for Linux Professional and WPS office for Mac in March and April respectively, which will fuel the growth of the business.
Recently, WPS applied for listing in Science and technology innovation board, which could benefit its long term growth.
Strategy:
Buy-in Price: $18.50, Target Price: $20.00, Cut Loss Price: $17.00
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"