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    3888   KYG5264Y1089

KINGSOFT CORPORATION LIMITED

(3888)
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Kingsoft Corporation Limited commences an Equity Buyback Plan for 137,272,872 shares, representing 10% of its issued share capital, under the authorization approved on May 26,2 021.

08/31/2021 | 08:54am EDT

Kingsoft Corporation Limited (SEHK:3888) commences share repurchases on August 31, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2021. As per the mandate, the company is authorized to repurchase up to 137,272,872 shares, representing 10% of its issued share capital. The purpose for the buyback is to enhance the net asset value per share and/or earnings per share. The repurchases will be funded from the company’s available cash flow or working capital facilities which will be legally available for such purpose in accordance with its memorandum of association and Articles of Association, the Companies Law of the Cayman Islands and any other applicable law. The authority shall expire at the earliest of the next Annual general Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of May 26, 2021, the company had 1,372,728,717 shares in issue. On August 30, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 1,000 million worth of its shares.


© S&P Capital IQ 2021
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Analyst Recommendations on KINGSOFT CORPORATION LIMITED
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Financials
Sales 2021 6 201 M 971 M 971 M
Net income 2021 437 M 68,4 M 68,4 M
Net cash 2021 11 127 M 1 743 M 1 743 M
P/E ratio 2021 87,8x
Yield 2021 0,22%
Capitalization 39 337 M 6 161 M 6 162 M
EV / Sales 2021 4,55x
EV / Sales 2022 3,42x
Nbr of Employees 6 300
Free-Float 67,5%
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Technical analysis trends KINGSOFT CORPORATION LIMITED
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 22
Last Close Price 28,83 CNY
Average target price 40,72 CNY
Spread / Average Target 41,2%
EPS Revisions
Managers and Directors
Tao Zou Chief Executive Officer & Executive Director
Yuk Keung Ng CFO, Joint Secretary & Executive Director
Jun Lei Chairman
Quan Guo Wang Chief Information Officer & Vice President
Shun Tak Wong Independent Non-Executive Director
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