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Kingsoft Cloud Maintains Stable Share Structure in December
Kingsoft Cloud Holdings' Affiliate to Sell, Lease Back Assets for 500 Million Yuan
Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Hang Seng Index down nearly 2%; Network Technology stocks declined, with Tencent down nearly 7% and Xiaomi down over 8%; some mineral stocks rose against the trend, with CGN
Network Technology stocks fell, with XIAOMI-W down 8.13% and TENCENT down 6.79%; Biotechnology stocks declined, with EVEREST MED-B down 6.35% and WUXI BIO down 4.22%; Shipping and Ports stocks weakened, with COSCO Shipping Holdings down 3.47% and CHINA MER PORT down 2.49%.
HAITONG INT'L has initiated coverage on KINGSOFT (03888.HK) with a rating of "Outperform" and a Target Price of 46.85 yuan.
HAITONG INT'L published a report indicating that KINGSOFT (03888.HK) is a leading software and Internet services company in China. After implementing the "Penghua CSI Mobile Internet Index Fund(LOF)-A transformation" strategy, the company has established a strategic platform supported by interactive Entertainment and office software, while focusing on cloud computing service and AI as new directions. The company's core Business is divided into two main sectors: office software and services, and Online Games, corresponding to the holding subsidiaries of Beijing Kingsoft Office Software, Inc, Xishan Residency, and KINGSOFT World. Beijing Kingsoft Office Software, Inc maintains stable Operation, adhering to the "multi-screen, cloud, content, collaboration, AI" strategy, focusing on R&D in AI and collaboration, empowering individuals and Institutions through technological innovation.
[Brokerage Focus] HAITONG INT'L gives KINGSOFT (03888) an initial "Outperform Market" rating, indicating that the office and gaming Business will drive long-term development.
KINGSOFT | HAITONG INT'L released a Research Report indicating that KINGSOFT (03888) has established a strategic platform focused on Interactive Entertainment and Office Software, with Cloud Computing Service and AI as new directions after implementing the "Penghua CSI Mobile Internet Index Fund(LOF)-A transformation" strategy. The company's core Business is divided into two main departments: Office Software and Services, and Online Games, corresponding to its holding subsidiaries, Beijing Kingsoft Office Software, Inc, Xishan Residence, and KINGSOFT Shiyou. Beijing Kingsoft Office Software, Inc maintains stable Operation, adhering to the "multi-screen, cloud, content, collaboration, AI" strategy, focusing on R&D in AI and collaboration fields, empowering individual and Institutions clients through technological innovation, and providing users with a one-stop AI office experience.
Are Investors Undervaluing Kingsoft Cloud Holdings Limited (NASDAQ:KC) By 37%?