Investment Summary
Kingsoft is a leading Internet company in China, engaging into three major business
segments: games, cloud computing and office software. The new mobile games are
launched, which could help resume the growth in gaming revenue. Besides, the growth in
cloud services was stronger than expected, becoming the major growth driver for the
Group. We derived a TP of HK$21.24, and maintain a “Buy” rating, with a potential
upside of 22.8%.(Closing price at 3 Jul 2019)
Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.
