- There is uncertainty over the future of cloud services run by private companies, after Tianjin's state-owned companies were requested to transfer their data to cloud platforms operated by the government.
- KC's customer concentration risks might be less severe than anticipated earlier, after taking into account the company's bullish Q3 2021 revenue growth guidance.
- Kingsoft Cloud trades at consensus forward FY 2021 and FY 2022 Enterprise Value-to-Revenue valuation multiples of 4.3 times and 2.9 times, respectively.
For further details see:
Kingsoft Cloud: Data Migration And Q3 Guidance Draw Attention