Hong Kong stocks movement | Kingsoft Cloud (03896) rose over 12% in early trading, benefiting from Xiaomi's demand for computing power as it deeply integrates AI into its ecosystem.

Kingsoft Cloud (03896) rose over 12% in the early session, as of publication, it is up 11.58%, priced at 4.72 Hong Kong dollars, with a transaction volume of 0.361 billion Hong Kong dollars.

Zhitong FinanceDec 19 21:56 ET

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BenzingaDec 17 08:04 ET

Morgan Stanley: Reiterates KINGSOFT 'Shareholding' rating, raises Target Price to 41 Hong Kong dollars.

Morgan Stanley released a research report stating that it believes KINGSOFT's (03888) gaming business is performing strongly, and the renewed partnership between Kingsoft Cloud and Xiaomi brings considerable upward potential for market expectations regarding KINGSOFT. The firm reiterated its 'Shareholding' rating on KINGSOFT and raised the Target Price from HKD 36 to HKD 41. Morgan Stanley pointed out that gaming and cloud services collaboratively boost earnings estimates, raising KINGSOFT's earnings per share forecasts for 2025 and 2026 by 6%, which are 16% and 18% higher than market predictions, respectively, considering the current PE prediction of 17 times for 2025 to be attractive.

Sina Hong Kong StockDec 16 21:49 ET

Is Kingsoft Cloud (KC) Outperforming Other Computer and Technology Stocks This Year?

Yahoo FinanceDec 13 09:40 ET

[Hong Kong Stock Connect] Kingsoft Cloud (03896) rose by 6.86%. UBS Group pointed out that its potential development opportunities in AI Business are still underestimated by the market.

Jinwu Finance | Kingsoft Cloud (03896) stock price is rising, up 6.86% as of the time of publication, reported at 5.14 HKD, with a transaction amount of 0.261 billion HKD. It is important to note that the stock has increased by over 240% since early November. In news, UBS Group published a Research Report indicating that Kingsoft Cloud benefits from AI development and the support of the Kingsoft ecosystem. Kingsoft Cloud's third quarter performance was robust, exceeding market expectations, which helps enhance investor expectations for its revenue and profit recovery. UBS Group has upgraded Kingsoft Cloud's rating from "Neutral" to "Buy," noting that its stock price has risen more than 100% since the beginning of the year, but the outlook remains optimistic.

Jinwu Financial NewsDec 11 21:09 ET

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