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Asian Equities Traded in the US as American Depositary Receipts Decline
On November 21, southbound funds net bought over 4.6 billion Hong Kong dollars: increased positions in Kuaishou and alibaba, with outflows from sunac and kingsoft cloud.
① The southbound capital transacted approximately 51.5 billion Hong Kong dollars that day. Which stocks are seeing continued inflow? ② Kuaishou experienced an inflow of over 0.6 billion Hong Kong dollars. How is the stock price performing?
Cautious Optimism for Kingsoft Cloud Amid AI-Driven Growth and Cash Flow Challenges
The Hong Kong Stock Connect Kuaishou - W had an inflow of 0.634 billion Hong Kong dollars.
Northbound capital inflow into Kuaishou-W (01024.HK), Alibaba (09988.HK), and CNOOC (00883.HK) reached 0.634 billion HKD, 0.424 billion HKD, and 18.87 million HKD respectively. Northbound capital outflow from Sunac (01918.HK), Xiaomi Group (01810.HK), and Kingsoft Cloud (03896.HK) reached 0.163 billion HKD, 19.74 million HKD, and 14.99 million HKD respectively. The highest net inflow of funds into active stocks in the Hong Kong Stock Connect (Shanghai) was Kuaishou-W (01024.HK) at 0.7 billion HKD, while the highest capital ...
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.
Hang Seng Index fell 0.13% in the morning session, with obvious structural market trends.
Boyaa Interactive (00434) rose by more than 10%, bitcoin price surpassed $0.095 million, company's holding positions floating profit has exceeded $0.1 billion.
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