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6 stories mentioning KCUpdated 25d ago

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Wire

Update: Kingsoft Cloud Shares Rise After Posting Q2 Beat

(Updates with recent stock movement in the headline and first paragraph.)Kingsoft Cloud (KC) shares rose more than 15% in afternoon trading on Wednesday after the company posted better-than-expected Q2 financial results.The company reported a Q2 loss Wednesday of 0.02 Chinese renminbi ($0.00) per diluted share, compared with a loss of 0.11 renminbi a year ago.Four analysts polled by FactSet expected a loss of 0.05 renminbi.Revenue for the quarter ended June 30 was 3.07 billion renminbi, up from 2.35 billion renminbi a year ago.Analysts expected 3.02 billion renminbi.Price: $12.32, Change: $+1.48, Percent Change: +13.61%

$KC
Wire

Kingsoft Cloud Q2 Loss Narrows, Revenue Increases

Kingsoft Cloud (KC) reported a Q2 loss Wednesday of 0.02 Chinese renminbi ($0.00) per diluted share, compared with a loss of 0.11 renminbi a year ago.Four analysts polled by FactSet expected a loss of0.05 renminbi.Revenue for the quarter ended June 30 was 3.07 billion renminbi, up from 2.35 billion renminbi a year ago.Analysts expected 3.02 billion renminbi.Shares of the company rose more than 5% in recent premarket activity Wednesday.Price: $11.46, Change: $+0.62, Percent Change: +5.72%

$KC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Friday Trading

Asian equities traded in the US as American depositary receipts were slightly higher on Friday morning, up 0.1% to 2,934.38 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by sports schools operator Leifras (LFS) and cloud service provider Kingsoft Cloud (KC), which climbed 11% and 7.4% respectively.They were followed by tech and e-commerce giant Alibaba (BABA) and private education services provider New Oriental Education (EDU), which rose 3.2% and 2.6% respectively.The decliners from North Asia were led by Internet and data center service provider VNET (VNET) and autonomous driving technology company WeRide (WRD), which fell 4% and 2.9% respectively.They were followed by steelmaker Posco (PKX), which shed 2.6%.From South Asia, the gainers were led by travel service provider Trip.com (TCOM), which added 0.4%.The decliners from South Asia were led by HDFC Bank (HDB), which fell 1.1%, followed by telecom PLDT (PHI), which was down 1%.

$BABA$EDU$HDB$KC$LFS$PHI$PKX$TCOM$VNET$WRD
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

Asian equities traded in the US as American depositary receipts were higher on Friday morning, up 0.6% to 2,936.67 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by financial group KB Financial (KB) and cloud services provider Kingsoft Cloud (KC), which jumped 6.7% and 5.6%, respectively.They were followed by tech giant Alibaba (BABA) and e-commerce company JD.com (JD), which climbed 3.3% and 2.6%, respectively.The decliners from North Asia were led by consumer finance platform LexinFintech (LX) and fintech company Qfin (QFIN), which fell 8.5% and 6.1%, respectively.They were followed by semiconductor companies ASE Technology (ASX) and United Microelectronics (UMC), which dropped 3.1% and 3%, respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which gained 5.4% and 4.5%, respectively.The decliners from South Asia were led by IT service management company Trident Digital Tech (TDTH), which fell past 10%, followed by pharmaceutical company Dr Reddy's Laboratories (RDY), which shed 5.2%.

$ASX$BABA$CAN$JD$KB$KC$LX$QFIN$RDY$SE$TDTH$UMC
Research

Morgan Stanley Initiates Kingsoft Cloud at Overweight

Kingsoft Cloud Holdings (KC) has an average rating of buy and mean price target of $20.14, according to analysts polled by FactSet.

$KC
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were declining on Tuesday morning, down 1.4% to 2,747.76 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by medical services platform PomDoctor (POM) and steel manufacturer Posco (PKX), which climbed 12% and 7.3% respectively.They were followed by consumer tech company Smart Share Global (EM) and banking holding company Mizuho Financial Group (MFG), which rose 4.3% and 2.2% respectively.The decliners from North Asia were led by technology and healthcare company VisionSys AI (VSA) and Internet and data center service provider VNET Group (VNET), which dropped 26% and 6.1% respectively.They were followed by cloud service provider Kingsoft Cloud (KC), which shed 6%.From South Asia, the gainers were led by pharmaceutical company Dr Reddy's Laboratories (RDY), which increased 0.8%.The decliners from South Asia were led by Sify Technologies (SIFY), which fell 2%, followed by telecoms Telkom Indonesia (TLK) and PLDT (PHI), which were down 1.5% and 1.6%, respectively.

$EM$INFY$KC$MFG$PHI$PKX$POM$RDY$SIFY$TLK$VNET$VSA

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