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Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Zhitong Hong Kong stock analysis | Two major reasons drive the rebound, Doubao visual large model ignites AI.
Below freezing point, the markets in both places have finally rebounded a little.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Morgan Stanley: Reiterates KINGSOFT (03888) 'Shareholding' rating, Target Price raised to HKD 41.
Morgan Stanley has raised its earnings per share forecast for KINGSOFT by 6% for 2025 and 2026.
Morgan Stanley raised the Target Price of KINGSOFT (03888.HK) to 41 yuan, with Gaming and cloud services jointly boosting earnings estimates.
Morgan Stanley released a report stating that KINGSOFT (03888.HK) has shown strong performance in its Gaming Business, and the renewed partnership between Kingsoft Cloud and Xiaomi brings considerable upward potential to market expectations for KINGSOFT. The firm reiterates its "Shareholding" rating for KINGSOFT and raises the Target Price from 36 yuan to 41 yuan. Morgan Stanley indicates that Gaming and cloud services together boost earnings forecasts, adjusting the earnings per share predictions for KINGSOFT in 2025 and 2026 upward by 6%, which is 16% and 18% higher than market expectations, respectively, and believes that the current 17 times PE forecast for 2025 is attractive.