Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Raises Kingsoft Cloud (KC.US) TP to USD17.7, Maintains Buy Rating
Recommend 21 Positive 38 Negative 10 |
||||
|
||||
|
Goldman Sachs' research report covered KINGSOFT CLOUD (03896.HK), which beat in both revenue and profit for 4Q25. Revenue grew by 24% YoY, driven by a 35% YoY rise in public cloud revenue. AI gross billings leaped by 95% YoY to RMB926 million, accounting for 34% of total revenue and 49% of public cloud revenue. Revenue from Xiaomi and Kingsoft ecosystems grew by 63% YoY, representing 29% of total revenue. Non-GAAP operating profit recorded positive figures for the second consecutive quarter, reaching RMB55 million, mainly due to lower-than-expected operating expenses. Goldman Sachs noted that XIAOMI-W (01810.HK), under the same series of the company, plans to invest RMB200 billion in R&D over the next five years, including RMB60 billion in AI investment over the next three years. As Xiaomi's AI infrastructure partner, Kingsoft Cloud will benefit from the external service demand for Xiaomi's AI applications. The broker raised Kingsoft Cloud's revenue forecast for 2026-28 by 2-5%, and adjusted EBITDA forecast up by 9-17%. The TP for Kingsoft Cloud (KC.US) in the US stock market was raised from USD15.6 to USD17.7, with the Buy rating maintained. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
