KC Kingsoft Cloud
- 6.530
- +1.940+42.27%
- 6.500
- -0.030-0.46%
Kingsoft Cloud News
Kingsoft Cloud Q3 Earnings: Revenue Surges 16%, AI Growth Fuels Profits, CEO Shares Optimistic Outlook
Cautious Optimism for Kingsoft Cloud Amid AI-Driven Growth and Cash Flow Challenges
Hang Seng Index fell 0.13% in the morning session, with obvious structural market trends.
Boyaa Interactive (00434) rose by more than 10%, bitcoin price surpassed $0.095 million, company's holding positions floating profit has exceeded $0.1 billion.
Bocom Intl: Maintains a 'buy' rating on Kingsoft, with the target price raised to 33 Hong Kong dollars.
Bocom Intl released a research report stating that based on the profit expansion of Kingsoft's (03888) gaming business and the valuation increase of Kingsoft Cloud (03896), the target price for Kingsoft has been raised by 10% from HKD 30 to HKD 33, maintaining a "buy" rating. The bank expects Kingsoft's gaming revenue for the full year of 2024 to increase by 30% year-on-year, while operation in the fourth quarter may weaken quarter-on-quarter. There are five new games planned for 2025, three of which have already obtained approval numbers, and it is expected that the new games will offset the high base effect of old games. WPS may increase its overseas promotional efforts in 2025. The report indicated that Kingsoft's third-quarter performance exceeded expectations, with total revenue increasing year-on-year.
[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.
Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Jefferies Maintains Kingsoft Cloud(KC.US) With Buy Rating, Raises Target Price to $5.8
Kingsoft Cloud Holdings Up Over 32%, On Track for Largest Percent Increase Since March 2022 -- Data Talk
Williams-Sonoma, Wix.com, Dolby Laboratories And Other Big Stocks Moving Higher On Wednesday
U.S. stocks unusual movement | The year-on-year growth rate of revenue in the third quarter reached 16%. Kingsoft Cloud (KC.US) rose more than 20% before the market opened.
On Wednesday, kingsoft cloud (KC.US) rose 20.59% in pre-market trading, reaching $5.535.
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.
AI stocks are poised for a rise, and Kingsoft Cloud (03896) received a counter-trend influx of southbound funds.
Kingsoft Cloud has attracted a counter-trend influx of southern funds.
The performance in the third quarter has driven the stock price of the Kingsoft group to soar, with Kingsoft Cloud at one point rising over 16%.
① How did kingsoft cloud and kingsoft perform in the third quarter? ② How do institutions view the performance of these companies?
Kingsoft Cloud Holdings Limited (KC) Q3 2024 Earnings Call Transcript Summary
Kingsoft Cloud Holdings Limited (KC) Q3 2024 Earnings Call Transcript
U.S. stocks are on the move | Quarter three revenue growth rate returned to double digits year-on-year, kingsoft cloud (KC.US) rose nearly 7%.
On Tuesday, kingsoft cloud (KC.US) stock price surged significantly, up 6.91%, closing at 4.64 dollars.
Kingsoft Cloud Renews Key Agreements With Xiaomi and Kingsoft
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Amid Fears of Russian Escalation
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