03888 KINGSOFT
- 32.500
- +0.550+1.72%
KINGSOFT News
Cautious Optimism for Kingsoft Cloud Amid AI-Driven Growth and Cash Flow Challenges
[Brokerage Focus] Open Source Securities maintains a 'buy' rating for Kingsoft (03888), pointing out that Kingsoft Cloud is expected to benefit from the Xiaomi ecosystem and AI-driven initiatives, which may enhance its valuation.
Kingsoft Financial News | According to research from Open Source Securities, the office software business of Kingsoft (03888) experienced a year-on-year revenue growth of 12.5% in Q3 2024, with the monthly active users of major products increasing by 4.9% year-on-year and accelerating quarter-on-quarter. The revenue from personal subscription services grew by 17.2% year-on-year, and WPS AI 2.0 provided a more convenient creative experience, enhancing paid stickiness and conversion rates. The revenue from institutional subscriptions remained flat year-on-year and increased by 23.8% quarter-on-quarter. The institution estimated that the impact of the shift in subscription model (from annual billing to monthly billing) has significantly diminished, while the company actively expands into state-owned and private enterprise markets, with contracts.
[Hong Kong Stock Connect] Kingsoft (03888) once rose nearly 5%, and Citibank indicated that its game business performance exceeded expectations.
Kingwos Finance News | kingsoft (03888) stock price rose, up nearly 5% at one point during the day, reaching a high of 33.55 Hong Kong dollars. As of the time of publication, it is still up 2.82%, at 32.85 Hong Kong dollars, with a turnover of 0.188 billion Hong Kong dollars. In the report, Olay pointed out that kingsoft's gaming business performance exceeded expectations, with a 78% year-on-year increase in third-quarter gaming revenue and profits. The institution believes that kingsoft's gaming business performance this year is extremely strong, which may set a higher benchmark for the 2025 fiscal year. Nevertheless, the company expects the five new games to be launched in 2025 to still maintain strong performance.
Kingsoft Cloud Holdings Limited (KC) Reports 16% YoY Revenue Growth in FQ3 2024, Fueled by AI Demand and Ecosystem Services
Kingsoft Cloud Holdings Up Over 32%, On Track for Largest Percent Increase Since March 2022 -- Data Talk
Kingsoft Arm to Provide Advertisement Services to Xiaomi Singapore via Apps
Express News | U.S.-Listed Shares of Kingsoft Cloud up 19% Premarket After Q3 Results
Hong Kong stocks closed (11.20) | Hang Seng Index rose by 0.21%. The AI application concept is booming, leading Kai Medical-B (02105) surged by 48% in pharmaceutical stocks.
The Hong Kong stock market opened lower in the morning but quickly surged, and then showed a narrow fluctuation trend throughout the day, with the Hang Seng Index returning to the 4,400-point level.
Nomura Adjusts Kingsoft's Price Target to HK$35 From HK$26, Keeps at Buy
Kingsoft Cloud Reports Strong Q3 2024 Growth
Kingsoft Shares Jump After Profit Rises 14-Fold
Hong Kong stock abnormal movement | Kingsoft (03888) rose more than 6%, with a year-on-year net profit surge in the third quarter by 1,351% to 0.413 billion yuan
Kingsoft (03888) rose more than 6%, as of the press release, up 6.16% to HK$31, with a turnover of HK$56.5918 million.
Hong Kong stocks morning report on November 20: hkbn received a takeover offer from china mobile. goldman sachs recommends continuing to overweight A-shares and listed in hong kong.
1. hkbn received a takeover offer from china mobile. 2. goldman sachs recommends continued overallocation of a shares and h shares. 3. robin zeng said that the main listing in hong kong brings greater liquidity to alibaba stocks. 4. zto express reported a profit of nearly 2.4 billion yuan in the third quarter.
Kingsoft Cloud Q3 Earnings: Revenue Surges 16%, AI Growth Fuels Profits, CEO Shares Optimistic Outlook
Kingsoft Cloud Holdings Limited (KC) Q3 2024 Earnings Call Transcript Summary
格隆汇公告精选(港股)︱小鹏 autos-W(09868.HK) third quarter total revenue was RMB 10.1 billion, an increase of 24.5% quarter over quarter.
[Today's Focus] Xiaopeng Autos-W (09868.HK): Total revenue for the third quarter is 10.1 billion RMB, an increase of 24.5% quarter-on-quarter. Xiaopeng Autos-W (09868.HK) announced that the total revenue for the third quarter of 2024 is 10.1 billion RMB (1.44 billion USD), an increase of 18.4% compared to the same period in 2023, and an increase of 24.5% compared to the second quarter of 2024. The automotive sales revenue for the third quarter is 8.8 billion RMB (1.25 billion USD), an increase of 12.1% compared to the same period in 2023, and an increase of 29% compared to the second quarter of 2024.
Xiaopeng Autos' third-quarter losses decreased by more than 50% year-on-year, while Kingsoft's third-quarter profits increased by more than 13 times. Hong Kong stocks selected announcements on November 19.
① Xiaopeng autos reduced losses by more than half year-on-year in the third quarter. How was the revenue performance? ② Kingsoft's profit increased by more than 13 times in the third quarter. What is the scale of the profit?
Kingsoft Cloud Renews Key Agreements With Xiaomi and Kingsoft
Kingsoft (03888.HK) subsidiary KOSC enters into advertising service agreement with Xiaomi Singapore.
On November 19, Glonghui reported that kingsoft (03888.HK) announced that on November 19, 2024, its non-wholly-owned subsidiary KOSC entered into an advertising service agreement with Xiaomi Singapore, regarding KOSC providing overseas advertising services to Xiaomi Singapore and/or Xiaomi Singapore customers through an application.
Kingsoft and Xiaomi Singapore Forge Advertising Partnership
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