Kingsoft 3888

Re: Kingsoft 3888

Postby winston » Wed Jul 18, 2018 12:57 pm

not vested

May 23, 2018

<Result Ann>KINGSOFT 1Q Net Profit Falls 50.35% to RMB118M

KINGSOFT (03888.HK) announced the first quarter results ended March 2018.

It reported net profit of RMB118 million, down 50.35% yearly, with basic EPS of RMB0.09. Nil dividend was declared.

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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Tue Aug 28, 2018 3:12 pm

KINGSOFT(3888)

Analysis:

In first half, Kingsoft realized revenue of RMB2.6bn implying a slight growth of 4.5%.

By business segments, online games realized income of RMB1.2bn (-34% YoY), cloud service generated income of RMB888mn (+55% YoY) and WPS office software contributed RMB507mn (+67.4% YoY).

The decline of game business is due to increasing popularity of other entertainments which take players` leisure time and the slow-down of acquiring new players.

Game business is expected to maintain stable growth in future.

We highlight the bright outlook of cloud business and office software.

For cloud business, Kingsoft is one of top five cloud service providers in China and will step up development of cloud business in future.

For office software, its flagship product WPS is the second largest office software in world and takes up more than 70% in new us ers of office software.

Currently, WPS has already submitted listing document to Shenzhen exchange.

Strategy:
Buy-in Price: $15.20, Target Price: $16.00, Cut Loss Price: $13.00

Source: Phillips
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Tue Aug 28, 2018 3:12 pm

KINGSOFT(3888)

Analysis:

In first half, Kingsoft realized revenue of RMB2.6bn implying a slight growth of 4.5%.

By business segments, online games realized income of RMB1.2bn (-34% YoY), cloud service generated income of RMB888mn (+55% YoY) and WPS office software contributed RMB507mn (+67.4% YoY).

The decline of game business is due to increasing popularity of other entertainments which take players` leisure time and the slow-down of acquiring new players.

Game business is expected to maintain stable growth in future.

We highlight the bright outlook of cloud business and office software.

For cloud business, Kingsoft is one of top five cloud service providers in China and will step up development of cloud business in future.

For office software, its flagship product WPS is the second largest office software in world and takes up more than 70% in new us ers of office software.

Currently, WPS has already submitted listing document to Shenzhen exchange.

Strategy:
Buy-in Price: $15.20, Target Price: $16.00, Cut Loss Price: $13.00

Source: Phillips
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Tue Feb 12, 2019 11:25 am

not vested

KINGSOFT(3888)

Analysis:

Although Kingsoft (3888) recorded losses in the third quarter of 2018, it expected its online games business to pick up growth momentum in the second half of 2018 after the debut of its new mobile games, YSYY and JX Online mobile games.

The Group expects that the revenue of its cloud business, office software and others business will continue to maintain a steady growth.

Thus, the Group expects that the overall performance will improve in the year of 2019. (I do not hold the above stock)

Strategy:
Buy-in Price: $14.90, Target Price: $16.20, Cut Loss Price: $14.30

Source: Phillips
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby 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"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Fri Nov 15, 2019 12:49 pm

not vested

KINGSOFT(3888)

Analysis:

Revenue for the third quarter of 2019 increased 32% year-on-year and 8% quarter-on-quarter to RMB2,022.9 million.

Revenue from the online games, cloud services, office software and services and others represented 33%, 48% and 19%, respectively, of the company's total revenue for the third quarter of 2019.

Gross profit for the third quarter of 2019 increased 18% year-on-year and 15% quarter-on-quarter to RMB822.9 million.

The company's gross profit margin decreased by four percentage points year-on-year and increased by three percentage points quarter-on-quarter to 41%.

The year-on-year decrease of the gross profit margin was largely due to our change in sales mix.
The quarter-on-quarter increase of gross profit margin mainly reflected improved operating efficiency of cloud business.

In addition, Kingsoft Cloud is considering spin-off and listing, which is believed to bring more synergy to company.

Strategy:
Buy-in Price: $18.00, Target Price: $23.50, 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"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Wed Dec 11, 2019 5:29 pm

not vested

KINGSOFT(3888)

Analysis:

Kingsoft announces third quarter 2019 results:

2019Q3 company revenue reached 2.022 billion yuan (RMB, the same below), an increase of 32% YoY, and an increase of 8% QoQ.

Gross profit was RMB 822.9 million, an increase of 18% YoY and an increase of 15% QoQ.

The profit attributable to owners of the parent company was RMB 36 million.

Q3 game business revenue was 664 million yuan, a year-on-year decrease of 2%.

With the update of old games and the promotion of mobile game diversified product strategies, the game business is expected to usher in a recovery in 2020.

Q3 cloud service revenue was 976 million yuan, an increase of 62% YoY and an increase of 6% QoQ.

Q3 cloud business sti ll maintained strong growth, while gross margin turned positive.

It's believe that the cloud business can still maintain rapid growth, and it is not difficult to complete management's 70% growth guidance for the whole year.

Office softwae revenue was 381 million yuan, a YoY increase of 50%, mainly due to the strong growth of WPS Office Personal Edition value-added service revenue.

WPS user activities and the number of paid users continue to rise, Q3 paid memberships increased significantly by 120% YoY, and is expected to record a growth of 40% throughout the year.

Strategy:
Buy-in Price: $19.00, Target Price: $23.86, Cut Loss Price: $17.60

Source: Phillips
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Sat Dec 12, 2020 8:25 pm

COMPANY PROFILE

Kingsoft Corporation Limited is an investment holding company.

The Company operates its business through three segments.

The Online Game segment is engaged in the research, development and operation of client online games and mobile games, as well as the provision of game licensing services.

The Cheetah Mobile segment is engaged in the provision of online marketing services, internet value-added services, Internet security services and other services.

The Cloud Services, Office Software and Others segment provides office application software, as well as cloud storage and cloud computation and dictionary services.
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Sat Dec 12, 2020 8:27 pm

not vested

Nov 19, 2020

Macquarie Cuts KINGSOFT (03888.HK) TP to $51.5; Rated Outperform

KINGSOFT (03888.HK)'s 3Q20 games/ office revenue hiked 19%/ 59% YoY, which were 21% below/ 8% above Macquarie's expectation.

Its operating profit grew 10.2 ppts to 25.9%, i.e. 11.5 ppts lower than assumption.

The 2020-22 EPS forecasts for KINGSOFT were tweaked by +2%/ -37%/ -31%.

The stock was kept at Outperform, with target cut from $55.1 to $51.5.

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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Kingsoft 3888

Postby winston » Sat Dec 12, 2020 8:31 pm

not vested

Nov 18, 2020

Citi: KINGSOFT (03888.HK) 3Q Results In-line; Concerned About Weak Online Game 4Q Outlook

KINGSOFT (03888.HK) posted in-line 3Q20 results.

Its revenue jumped 34% YoY to RMB1.4 billion on comparable basis, 1% above Citigroup's forecast and consensus.

The firm's adjusted net profit hit RMB319 million, 1% below Citigroup's expectation.

Despite worry over KINGSOFT's soft game business outlook in 4Q20, the broker kept the stock at Buy, lifting its target from $52 to $57.

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: 118528
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 2 guests