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The HSI concluded the day up 56 points or 0.3% at 19,423. The HSCEI rose 22 points or 0.3% to close at 6,946. The HSTECH climbed 45 points or 1.1%, closing at 4,353. The total market turnover for the day amounted to $133.501 billion.China's ChiNext Index spiked 2.5%, fueling techs. Chip stocks SMIC (00981.HK) and HUA HONG SE...
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Nomura, in its research report, upgraded Kingsoft Cloud (KC.US) (03896.HK) from Neutral to Buy, citing that the 3Q24 results showed the company's revenue and margin have room for growth, on the back of the growth of AI-related revenue, paired with robust cloud demand from XIAOMI-W (01810.HK) and KINGSOFT (03888.HK) for elect...
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There was HKD633.9 million, HKD423.9 million and HKD18.9 million Southbound Trading net inflow to KUAISHOU-W (01024.HK), BABA-W (09988.HK) and CNOOC (00883.HK).There was HKD163.2 million, HKD19.7 million and HKD15 million Southbound Trading net outflow from SUNAC (01918.HK), XIAOMI-W (01810.HK) and KINGSOFT CLOUD (03896.HK).For ...
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Kingsoft Cloud (KC.US)’s 3Q24 results were broadly in line, with total revenues up 16% YoY, given strong performance of the public cloud and a rebound in the enterprise cloud, while adjusted EBITDA margin further climbed to 9.8%, CLSA’s report said.The Company's renewed framework agreements with Xiaomi and Kingso...
Recommend
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Positive
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Negative
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Kingsoft Cloud (KC.US) delivered a 16% YoY growth in 3Q24 revenue to RMB1.89 billion, in line with street consensus, CICC said in its report. The adjusted EBITDA was RMB185 million, beating consensus impressively, thanks to effective cost control.In addition, the company disclosed the framework agreement for connected transactio...
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