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| HSI1 | 25,143.05 | +580.81 | 306.41B |
| HSCEI1 | 8,381.90 | +245.17 | 93.65B |
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2026-07-17 14:27:22 G Sachs issued a report stating that KINGSOFT CLOUD (03896.HK) is expected to announce its results for 2Q26 in mid-to-late August. Since releasing its 1Q results at the end of May, the stock price has fallen 23%, mainly due to investor concerns over a disconnect between management's optimistic capital expenditure outlook and seemingly unchanged revenue guidance. G Sachs believes the share price of KINGSOFT CLOUD may have overcorrected. Based on the capital expenditure execution rate in 1Q, management's outlook for more than 30% YoY revenue growth in 2026 should represent the base-case scenario; while the RMB15 billion to RMB20 billion capital expenditure outlook represents a more optimistic scenario, which according to the broker's estimates could support approximately 35% YoY revenue growth in 2026. It lowered the US stock TP on Kingsoft Cloud Holdings Limited (KC.US) from USD19.5 to USD17. Rating was maintained at Buy. (ha/)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |