Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03888 KINGSOFT
RTNominal down23.500 -0.700 (-2.893%)
Research Report

21/08/2020 12:03

{I-bank focus}Credit Suisse upgrades Kingsoft to HK$52

[ET Net News Agency, 21 August 2020] Credit Suisse lifted its target price for Kingsoft
Corporation (03888) to HK$52 from HK$14.33 and upgraded its rating to "outperform" from
"neutral".
The research house said Kingsoft's revenue surged 49% to Rmb1.42bn, beating consensus on
strong online game performance. Operating profit of HK$549mn also beat on cost-saving and
revenue-mix shift towards high-margin business (game and PC game).
Management lifted the full-year guidance on online game revenue growth from low teens to
over 30% and expects WPS Office momentum to continue in 2H.
Credit Suisse remains confident of Kingsoft on (1) its strong game pipeline; (2)
growing WPS subscription services and more monetisation potential; and (3) improving
margins on operating leverage and efficiencies.
Credit Suisse revised up its FY2020-21 earnings forecasts to reflect the positive 2H
outlook across the online game, WPS, and Cloud. (KL)

Remark: Real time quote last updated: 19/04/2024 18:00
  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 2024 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.