Elevator Pitch
The successful spin-off of its office software business and the cloud services business breaking even at the gross profit level for the first time were the key positives for Hong Kong-listed Chinese software and internet services company Kingsoft Corporation Limited (OTCPK:KSFTF) [3888:HK] in 3Q2019. These positives were partially offset by negatives such as a weak games business and a decline in operating margin for the office software business.
This is an update of my initiation article on Kingsoft published on September 9, 2019. Kingsoft's share price has increased slightly by +3%