Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Capital Markets

Kingsoft is raising US$350m to fund its cloud computing business. Kingsoft is determined to become&nbsp;the&nbsp;leader in the cloud computing. Kingsoft's cloud computing has numerous cross selling opportunities within the company and with Kingsoft's JVs, including Xiaomi and Kingdee.While there are massive opportunities in the cloud computing in China given the internet+ push by the government, it is at the same time undeniable that the cloud computing might be burning cash for years before the business itself becomes a profit center. We put Kingsoft into our Smartkarma placement framework and it scores well.Net-net we would accumulate in today's placement.&nbsp;

Kingsoft is raising US$350m to fund its cloud computing business. Kingsoft is determined to become&nbsp;the&nbsp;leader in the cloud computing. Kingsoft's cloud computing has numerous cross selling opportunities within the company and with Kingsoft's JVs, including Xiaomi and Kingdee.While there are massive opportunities in the cloud computing in China given the internet+ push by the government, it is at the same time undeniable that the cloud computing might be burning cash for years before the business itself becomes a profit center. We put Kingsoft into our Smartkarma placement framework and it scores well.Net-net we would accumulate in today's placement.&nbsp;

Raising capital to fund cloud business, massive opportunities along with uncertainties, accumulate 

Head of China Research - Forsyth Barr Asia, Forsyth Barr Asia

David Millhouse

Head of China Research - Forsyth Barr Asia

Forsyth Barr Asia

Thematic (Sector/Industry)

China is proposing an overhaul of its foreign-investment rules, which some news sources are saying is "the biggest revamp of China’s rules governing foreign investment since Deng Xiaoping introduced elements of capitalism into the economy in the late 1970s." The draft looks to unify regulations overseeing foreign investment in China, scale back restrictions and begin regulating the variable interest entities (VIE) that are commonly used to circumvent foreign-ownership limits. The ministry said the rules should “promote foreign investment and normalize foreign investment management.” This represents a major step toward the formal regulation of the use of VIE structures in foreign investments in China, as well as simplifying rules for foreign companies looking to invest in China. Thoughts and implications of the changes below

 China is proposing an overhaul of its foreign-investment rules, which some news sources are saying is "the biggest revamp of China’s rules governing foreign investment since Deng Xiaoping introduced elements of capitalism into the economy in the late 1970s." The draft looks to unify regulations overseeing foreign investment in China, scale back restrictions and begin regulating the variable interest entities (VIE) that are commonly used to circumvent foreign-ownership limits. The ministry said the rules should “promote foreign investment and normalize foreign investment management.” This represents a major step toward the formal regulation of the use of VIE structures in foreign investments in China, as well as simplifying rules for foreign companies looking to invest in China. Thoughts and implications of the changes below

CHINA REFORM & ADRs:  Big overhaul of foreign investment rules in China. Thoughts and implications

China

Kingsoft Corporation Ltd. develops and markets computer software.  The Company develops role-playing computer games and security, word processing, and spreadsheet software.

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Kingsoft Corp (3888 HK)

Raising capital to fund cloud business, massive opportunities along with uncertainties, accumulate

Kingsoft is raising US$350m to fund its cloud computing business. Kingsoft is determined to become the leader in the cloud computing. Kingsoft's...

Ke Yan, CFA, FRM

CHINA REFORM & ADRs: Big overhaul of foreign investment rules in China. Thoughts and implications

China is proposing an overhaul of its foreign-investment rules, which some news sources are saying is "the biggest revamp of China’s rules...

David Millhouse

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)