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Hong Kong stocks fluctuate | Weakness in network technology stocks drags down the Hengqiang index by more than 3%, while the strong US dollar puts short-term pressure on Hong Kong stocks. Several leading internet companies will release their financial res
Network technology stocks widened losses in the afternoon, dragging down the Hang Seng Tech Index by over 3%. As of the time of publication, Alibaba-W (09988) fell by 3.4%, closing at 90.9 Hong Kong dollars; Tencent (00700) dropped by 1.89%, closing at 405.4 Hong Kong dollars; Kingsoft (03888) fell by 5.2%, closing at 29.15 Hong Kong dollars.
Morgan Stanley: Sees a structural narrowing trend in the discount offered by kingsoft (03888.HK) holding company.
Morgan Stanley's research reports pointed out that there is a structural trend of narrowing the discount by Kingsoft (03888.HK) controlling shareholder from the current level of 54%. Morgan Stanley expects that with the promotion of "JX3" and "Justice", the mobile gaming business revenue of Kingsoft is expected to increase by 40% to 50% year-on-year in the second half of this year, with a bias towards upward risks. In addition, the company's subsidiary Kingsoft Cloud (03896.HK) recently announced the signing of a financing lease agreement to provide funds for its AI capital expenditure, thereby reducing the risk of further financial support from the parent company. The bank expects Kingsoft Cloud to repay the shareholder loan of 1.5 billion yuan on time.
Kingsoft Cloud Boosts AI Investments With Lease Deal
Kingsoft Cloud to Announce Q3 Results on November 19
Daiwa: Upgraded kingsoft's rating to "shareholding", with target price raised to HK$32.
UBS raised kingsoft's revenue forecast from 0.6% to 2.2% for the years 2021 to 2026.
Kingsoft (03888.HK) held a board of directors meeting on November 19 to review and approve the third quarter performance.
Gelonghui November 4th | kingsoft (03888.HK) announced that the company will hold a board of directors meeting on November 19, 2024 (Tuesday) to review and approve the unaudited performance of the company and its subsidiaries for the three months ending September 30, 2024.
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