Movement Alert｜KINGSOFT CLOUD Intraday Decline 5.41%, Mutual Funds Collectively Reducing Hong Kong Tech Exposure

Market Focus07-30

On July 30, KINGSOFT CLOUD fell 5.41% in regular trading, trading at 5.08 HKD/share, with turnover of HKD 175 million, nearly erasing the prior session's 5.44% gain.

On the news front, public mutual funds have exhibited a collective trend of redeeming Hong Kong holdings to reallocate into A-shares. KINGSOFT CLOUD ranked among the top five stocks reduced by active equity funds in terms of share count, with southbound capital cumulatively net selling 57.25 million shares over the past 20 trading days, indicating significant institutional selling pressure. According to recently disclosed fund quarterly reports, active equity funds materially lowered their Hong Kong stock allocation ratio, with capital rotating out of internet and tech names into semiconductor and hard-tech sectors listed on A-share markets.

While the company's fundamentals continue to receive favorable coverage from investment banks — including an Overweight initiation with a USD 15 target price citing AI revenue growth of 109% year-over-year — the concentrated fund outflows from Hong Kong tech stocks in the near term are weighing on share prices across the sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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