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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's (HKG:3888) Performance Is Even Better Than Its Earnings Suggest
