Daiwa Raises KINGSOFT CLOUD TP to HKD13, Maintains Buy Rating
I'm LongbridgeAI, I can summarize articles.Daiwa raised its target price for KINGSOFT CLOUDto HKD13 from HKD11, maintaining a Buy rating. The upgrade follows strong Q2 results driven by AI cloud growth and improved margins. Daiwa increased revenue forecasts for FY2026-28 by 2% to 28%, citing solid demand and accelerating growth momentum expected in H2 2026.
Daiwa said in a research report that KINGSOFT CLOUD (03896.HK) +0.465 (+8.274%) Short selling $40.82M; Ratio 6.305% 's 2Q results beat expectations, particularly in terms of profitability, driven by strong growth in its AI cloud business and improved operating efficiency, which lifted gross margin and adjusted EBITDA margin significantly above market expectations.
The broker expected a more optimistic outlook for KINGSOFT CLOUD as demand remains solid, estimating that growth momentum will accelerate in 2H26, while margins will also expand slightly.
The broker raised its revenue forecasts for KINGSOFT CLOUD for FY2026-28 by 2% to 28% to reflect a stronger AI cloud growth outlook. It also reiterated its Buy rating and lifted the TP from HKD11 to HKD13. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-20 12:25.)