- Barrons.com•2 months ago
Kingsoft (3888.HK) shares plunged as much as 16% on Friday after the Beijing-based software maker’s flagship subsidiary Cheetah Mobile (CMCM) (DE.0C9A), in which it owns a 48.5% stake, unveiled disappointing March quarter earnings and warned of a tough June quarter. Currently fetching around HKD14.50 a share, Kingsoft is down 24% this year and has fallen 59% from its peak last May. At 14 times forward earnings, the stock trades below its five year average level of 17 times and looks enticingly cheap for an internet company that’s expected to grow earnings at an average 50% yearly pace in 2017 and 2018. Like Japan’s Softbank Group (9984.JP), Kingsoft is a holding company.
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|52wk Range||12.70 - 22.70|
|Day's Range||13.26 - 13.40|
|Avg Vol (3m)||8,749,811|
As of 11:20 PM EDT. HKSE Delayed Price. Market open.