Amazon has launched a series of advanced AI models, invigorating the AI concept stocks, with Kingsoft Cloud (03896) rising by 11.11%.
Kingwo Financial News | AI concept stocks generally rose, kingsoft cloud (03896) up 11.11%, innovation technology (02121) up 7.16%, mobvista (01860) up 6.1%, newborntown (09911) up 5.65%, meitu (01357) up 3.6%, idreamsky (01119) up 2.05%, kingsoft (03888) up 1.77%. Amazon announced at the annual AWS conference the launch of a series of advanced AI models, called Amazon nova. The Amazon nova series includes text to
Kingsoft Cloud Prepares for Key Shareholder Meeting
Kingsoft (03888.HK) received a shareholding increase of 8.0584 million shares from Blackrock.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on November 29th, 2024, kingsoft (03888.HK) received BlackRock, Inc.'s shareholding by an average of 31.9045 Hong Kong dollars per share on the exchange to increase its position by 8.0584 million shares, involving about 0.257 billion Hong Kong dollars. After the increase, BlackRock, Inc.'s latest holding position is 69,072,330 shares, and the holding position ratio has increased from 4.57% to 5.17%.
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Kingsoft Corporation Limited (KSFTF) Q4 2024 Earnings Call Transcript Summary
CICC: Upgraded kingsoft's rating to "Outperform industry", with a target price increase to HK$40.
CICC released a research report stating that Kingsoft (03888) achieved a 42% year-on-year increase in revenue in the third quarter; operation profit margin was 39.3%, a 21 percentage point increase year-on-year, and a 7.2 percentage point increase quarterly, both exceeding the bank and market expectations, believed to be mainly due to the bright growth in the gaming business. The bank basically maintains the group's revenue and net income forecast for the next two years, reiterating an "outperforming the industry" rating, raising the target price by 14% to HK$40.
[Special guest V】Guo Jiayao: The company's performance did not bring surprises, and it is expected that the index will continue to fall below the level of 19,000 to 20,000 points.
King Wu Financial News | The US stock market performed well on Thursday, with strong local employment data prompting a shift in funds from technology stocks to traditional shares, leading to gains in all three major indices at close. The dollar strengthened, and the US ten-year Treasury yield remained at 4.41%. Gold and oil prices also performed well. The changes in Hong Kong stock pre-trading securities were minimal, and the market is expected to lack direction in the early session. The mainland stock markets had mixed performance yesterday, with the Shanghai Composite Index remaining stable, closing up by 0.1%, and the trading volume in the Shanghai and Shenzhen markets remained active. Hong Kong stocks continued to see a tug-of-war, with the index fluctuating around the 19,500 point level and overall trading continuing to be light. Investors are paying attention to changes in external geopolitical situations, as well as
Kingsoft Corporation Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
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
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