Kingsoft(3888.HK)- Strong growth in cloud services; New mobile games may resume the growth in gaming July 5, 2019

PSR Recommendation: BUY Status: Maintained
Target Price: HKDHKD21.24

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)

About the author

Profile photo of Terry Li

Terry Li
Investment Analyst

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.

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