- Kingsoft Cloud is one of the most attractive cloud computing stocks in China.
- It is also one of the few companies in Asia that have scaled its business to generate nearly $1 billion in revenue in 2020.
- Kingsoft Cloud completed its IPO in May 2020 and its share price is up 159% since its IPO price of $17 per share.
- However, its share price has corrected nearly 40% since its highs in early February 2021. In our view, this correction has been overdone, and we think this is a good time to accumulate shares of Kingsoft Cloud.
- Kingsoft Cloud is trading at 4.1x P/S (2022), which is 67% lower than the peers which are trading at an average P/S multiple of 12.3x in 2022.
For further details see:
Kingsoft Cloud: An Attractive Cloud Computing Stock In China