Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up26.150 +0.850 (+3.360%)

05/11/2019 17:06

{I-bank focus}Goldman raises Kingsoft (03888) to HK$21.5

[ET Net News Agency, 5 November 2019] Goldman Sachs raised its target price for
Kingsoft Corporation (03888) to HK$21.5 from HK$18.8 and maintained its "buy" rating.
The research house expects that Kingsoft's Cloud Services revenue could see 64%/75%
growth for 3Q 2019/2019 with Alibaba Cloud rationalizing video vertical products since 2Q.
Office Software revenue is expected to grow 50%/38% for 3Q 2019/2019, thanks to strong
growth in subscription, driven by an increase in the number of subscribers, and an
increase in the length/frequency of subscriptions. Online Games revenue is likely to be
flattish QoQ in 3Q and -11% YoY for 2019, reflecting the weak contribution from JX3 and
the life cycle of legacy titles.
Goldman expects total revenue of Rmb1.9bn/7.7bn for 3Q/2019, driven by strong cloud
services and partly offset by weakness in online games. It estimated reported operating
loss of Rmb-193mn/-596mn for 3Q/2019, driven by fast-growing but currently loss-making
cloud services, leading to diluted EPS of Rmb-0.14/-1.32. (KL)

Remark: Real time quote last updated: 17/01/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.