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U.S. stocks are active | Kingsoft Cloud continues to rise 1% in pre-market trading, with target price raised by multiple institutions.
November 21st report by Gelonhui | Kingsoft Cloud (KC.US), which rose sharply by 42.27% yesterday, continued to rise by 1.38% in pre-market trading today, reaching $6.62. CICC's report shows that Kingsoft Cloud's third-quarter revenue increased by 16% year-on-year to 1.89 billion yuan, in line with market expectations; adjusted EBITDA reached 0.185 billion yuan, significantly exceeding market expectations, benefiting from effective cost and expense control. The bank maintains an 'outperform industry' rating; considering the optimization of the company's business structure, more optimistic growth and profit prospects, the target price is raised by 8% to $6.5. Lyon also raised the company's 2024 and 2025.
Express News | Bocom Intl: Maintains a 'buy' rating on Kingsoft, with the target price raised to 33 Hong Kong dollars.
Major bank rating | Bank of America Merrill Lynch: Raised kingsoft cloud's target price to 3.4 Hong Kong dollars, reiterating a "neutral" rating.
格隆汇November 21st | Bank of America Securities published a research report stating that Kingsoft Cloud's third-quarter revenue increased by 16% year-on-year to 1.89 billion yuan, slightly higher than the market's general expectation of about 1%, mainly driven by a 7.9-fold year-on-year increase in revenue from ai and the steady recovery of enterprise cloud business accelerated by project delivery. The gross margin for the period also increased by 4 percentage points year-on-year. Bank of America indicated that with the anticipation of increased AI business revenue, adjustments to the enterprise cloud project portfolio, and gradually effective cost control measures, it is predicted that the gross margin in the fourth quarter will further improve year-on-year. Based on the rapid expansion of the AI business, Bank of America will forecast the revenue of Kingsoft Cloud from 2024 to 2026.
Institutional researcher upgraded kingsoft cloud (KC.US) target price to $5.5 in 'Great Wall', strengthening cooperation with Xiaomi and kingsoft in the AI era.
Lyon released a report indicating that kingsoft cloud (KC.US) third-quarter results generally met expectations, with total revenue rising by 16% year-on-year, mainly driven by strong public cloud performance and the recovery of enterprise cloud. The adjusted EBITDA profit margin further increased to 9.8%. The company renewed its framework agreement with Xiaomi and kingsoft, further tightening their cooperation, with highlights including an increase in trade revenue and financing limits. Attention is also being paid to the potential revenue increase from Xiaomi's autonomous driving. Lyon anticipates that kingsoft cloud's revenue growth in the fourth quarter will accelerate to 18% year-on-year, while the adjusted EBITDA profit margin is expected to improve further to 13%. The bank raised its estimates.
In Daihang, Kingsoft Cloud (KC.US) target price raised to $6.5, optimizing business structure.
China International released a report stating that Kingsoft Cloud (KC.US) third-quarter revenue increased by 16% year-on-year to 1.89 billion yuan (same below), meeting market expectations; adjusted EBITDA reached 0.185 billion yuan, significantly exceeding market expectations, benefiting from effective cost and expense control. In addition, the company disclosed the related party transaction framework agreements with Kingsoft (03896.HK) and Xiaomi-W (01810.HK); according to the announcement, the revenue ceiling from Kingsoft and Xiaomi is expected to total approximately 11.3 billion yuan from 2025 to 2027. The report indicates that considering Kingsoft Cloud's AI business revenue con