Movement Alert｜Kingsoft Cloud Falls 5.13% in Regular Trading, Overnight US ADR Weakness and Sector Drag Compound Selling Pressure

Market Focus06-18

On June 18, Kingsoft Cloud fell 5.13% in regular trading, trading at 5.18 HKD/share, with turnover of 3.1 billion HKD. The decline was primarily driven by the overnight weakness in its US-listed ADR, which fell 5.20% to $10.75, prompting follow-through selling in Hong Kong.

The broader Internet Services and Infrastructure sector declined in tandem, with GDS-SW down 3.02%, Cloud Factory down 4.0%, Crypto Flow down 2.8%, Sunevision down 0.77%, and Nexion Tech down 2.63%, amplifying the individual stock decline through sector linkage.

On the fundamental side, Kingsoft Cloud reported Q1 net loss widening to RMB 3.44 billion, up 8.7% year-over-year, while adjusted gross margin contracted sharply from 17.1% in the prior quarter to 13.0%, as AI infrastructure expansion drove server depreciation costs up 116.4% year-over-year. The margin compression from accelerated capital deployment into smart computing cloud services remains under digestion despite the company announcing AI compute product price hikes of 15%-50% effective July 12.

(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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