--- title: "Weekly Recap | KINGSOFT CLOUD -0.91%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/296666029.md" description: "KINGSOFT CLOUD edged down 0.91% this week (17–20 August, 4 trading days), closing at HK$5.97. The Hang Seng Index gained 2.19% over the same period, leaving the stock trailing the benchmark by roughly 3.1 percentage points. The week followed a sharp V-shaped pattern: the stock opened at HK$6.03 on Monday (17 August) and quickly slid to an intraday low of HK$5.69 before settling at HK$5.90. Selling continued on Tuesday (18 August), with the price touching a weekly low of HK$5.50." datetime: "2026-08-22T04:14:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296666029.md) - [en](https://longbridge.com/en/news/296666029.md) - [zh-HK](https://longbridge.com/zh-HK/news/296666029.md) generator: "portal-rs" --- # Weekly Recap | KINGSOFT CLOUD -0.91%, most brokers rate it buy ## The Week KINGSOFT CLOUD edged down 0.91% this week (17–20 August, 4 trading days), closing at HK$5.97. The Hang Seng Index gained 2.19% over the same period, leaving the stock trailing the benchmark by roughly 3.1 percentage points. The week followed a sharp V-shaped pattern: the stock opened at HK$6.03 on Monday (17 August) and quickly slid to an intraday low of HK$5.69 before settling at HK$5.90. Selling continued on Tuesday (18 August), with the price touching a weekly low of HK$5.50. The narrative flipped on Wednesday (19 August) after the earnings release, with the stock surging to HK$6.05 on heavy volume. Thursday (20 August) saw a calmer session, with the price consolidating between HK$5.78 and HK$6.00 and closing at HK$5.97. Weekly amplitude reached 12.69%, and average daily volume ran about 33% above the 60-day median, signalling a notable pick-up in turnover. ## Key Events The week’s defining event was the second-quarter earnings release on Wednesday (19 August). Revenue rose 30.8% year on year to RMB 3.07 billion, while net loss narrowed 79.6% to RMB 93 million, both beating consensus. More importantly, the company delivered its first-ever positive operating margin, driven by an 82% jump in AI cloud billings. Earlier in the week, the stock had come under pressure as AI names across the board sold off on Tuesday (18 August). The earnings print flipped the mood, sending the stock up more than 10% intraday. On Thursday (20 August), several major brokers lifted their target prices, helping the stock hold near the post-earnings highs. On Friday (21 August), however, a weak overnight session for US-listed Chinese ADRs dragged the Hong Kong shares down about 4%, erasing some of the earlier gains. ## Analyst Ratings Eight brokers cover the stock: six rate it a buy and two rate it overweight, with no hold, underweight, or sell ratings on the street. The consensus recommendation stands at strong buy, with a consensus target price of HK$11.86, which implies roughly 98.7% upside from the current price. Target prices range from HK$8.59 to HK$13.26, reflecting a wide dispersion of views on how fast AI-driven revenue can scale. Within the four-stock cloud-and-data-centre sector, Kingsoft Cloud ranks second by analyst rating. ## The Week Ahead The market will watch how the post-earnings momentum holds up after the late-week pullback. Friday’s (21 August) decline suggests some profit-taking after the sharp rally, and the near-term focus will be on whether AI cloud order data can sustain the high-growth narrative. Further broker upgrades could attract fresh inflows, while the tone of US-listed Chinese tech stocks will remain a key sentiment driver for the Hong Kong leg. ## In Short Kingsoft Cloud delivered a week of sharp contrasts: a record quarter with AI cloud revenue soaring 82% and the first positive operating margin, yet the stock still closed the week slightly lower and underperformed the Hang Seng Index. Valuations remain forward-looking—the stock trades at about 2.64x book value with no stable earnings base—but the sell-side is near-unanimous in rating it a buy or overweight, and the consensus target sits well above the spot price. The latest session’s flow data showed net selling across large, medium, and small orders, hinting at short-term positioning battles. The key variable going forward is whether the AI revenue trajectory can translate into sustained profitability—that will be the anchor for the next leg of the valuation debate. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [03896.HK](https://longbridge.com/en/quote/03896.HK.md) ## Related News & Research - [Moonshot AI Kicks off Kimi Enterprise Partner Program; First Batch of Partners Includes KINGSOFT CLOUD and CHINASOFT INT'L](https://longbridge.com/en/news/298556823.md) - [Why Kingsoft Cloud stock is soaring today](https://longbridge.com/en/news/296379846.md) - [US listing could put Japan's Kioxia in global AI spotlight, Voya's Thomas says](https://longbridge.com/en/news/298696734.md) - [Kingsoft Cloud Reports Stable Share Capital and Confirms Public Float Compliance in August 2026](https://longbridge.com/en/news/298033275.md) - [Tencent-backed Enflame to open up 188% in Shanghai debut after $912 million IPO](https://longbridge.com/en/news/298663662.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**