KINGSOFT Stock Forum

The Nasdaq fell on its first trading day of 2024, with $Apple (AAPL.US)$ , which was downgraded to "underweight" by Barclays with TP down to US$160, continuing to drop 3.6%. In addition, $NASDAQ Golden Dragon China (.HXC.US)$, which reflects the performance of Chinese ADRs, lost 3.5%.
$Hang Seng TECH Index (800700.HK)$  busted below the 20 and 10MAs to bottom at 3,627, and last at 3,630, down 2.3%. $Hang Seng Index (800000.HK)$ also miss...

China's National Press and Publication Administration (NPPA) recently released another batch of 105 domestic online game approval numbers (banhao) for December, versus 87 in November.
The number of approvals this time surpassed 100 for the first time, with wider scope of coverage. $Tencent (TCEHY.US)$ 's ADRs in the U.S. soared 3.5% overnight, an upsurge of more than 7% from the closing price of HK$274 in Hon...

At open, $Hang Seng Index (800000.HK)$ dropped 28 pts or 0.2% at 17,762; $Hang Seng China Enterprises Index (800100.HK)$ shed 11 pts or 0.2% at 6,086; and $Hang Seng TECH Index (800700.HK)$ faded 11 pts or 0.3% at 3,989.
$BIDU-SW (09888.HK)$ , with its interim net profit spiking 3x YoY to RMB11.035 billion beating estimates, opened 1.6% higher.
$KUAISHOU-W (01024.HK)$ , with its 2Q non-IFRS adjusted profit turning positive, added 0.2% at $62.6. $GDS-SW (09698.HK)$ , given ...

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UOBKH: China Internet (Market Weight) – Tencent, Baidu, Alibaba, Kingsoft - Alpha Edge Investing
$TENCENT (00700.HK)$ $BABA-W (09988.HK)$ $BIDU-SW (09888.HK)$ $KINGSOFT (03888.HK)$ $Baidu (BIDU.US)$ $Alibaba (BABA.US)$

$BIDU-SW (09888.HK)$ and $KINGSOFT (03888.HK)$ ramped up 2.5% and 3.9%, cloud services provider $KINGSOFT CLOUD (03896.HK)$ was speculated to rocket 11.7%, and $GDS-SW (09698.HK)$ rose 3.6%. $SENSETIME-W (00020.HK)$ , however, retreated 1.7%.

AI Framework Ecological Summit 2023 will be held in Shanghai this Friday (16th). In Mainland China, stocks with AIGC concept, ChatGPT concept and AI chipmakers surged 2.5%-3.5%, way more than the increments of almost 0.2% and 0.8% in Shanghai Composite Index and Shenzhen Component Index.
As to HK-listed AI concept stocks, $YIDU TECH (02158.HK)$logged the sharpest gain of 11.5% to $5.62. $CHINA LIT (00772.HK)$ regained 8.7% to $34.95.
$SENSETIME-W (00020.HK)$ reverted ...

$KINGSOFT (03888.HK)$
KGI has a TA target of 36.
Kingsoft Corporation is an investment holding company. The Company operates its business through two segments. The Online Game segment mainly engages in the research, development and operation of online games and mobile games, as well as the provision of game licensing services. The Office Software and Services segment mainly engages in the design, research and development, and sales and marketing of the office software products and services. The C...