Elevator Pitch
I maintain my "Bullish" rating on Hong Kong-listed Chinese software and internet services company Kingsoft Corporation Limited (KSFTF) [3888:HK].
This is an update of my prior article on Kingsoft Corporation published on December 6, 2019. Kingsoft Corporation's share price has increased by +59% from HK$17.60 as of December 4, 2019, to HK$27.95 as of April 20, 2020, since I upgraded my rating on the stock to "Bullish". My updated sum-of-the-parts valuation implies a 30% upside from Kingsoft Corporation's current share price. A potential dividend raise and a planned spin-off of the