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Investing.com - Deutsche Bank initiated coverage on Kingsoft Cloud Holdings (HK:3896) with a Buy rating and set a price target of HK$11.00.
The bank identified Kingsoft Cloud as one of China’s leading cloud service providers, noting its extensive cloud infrastructure, R&D capabilities, and industry expertise developed since its founding in 2012.
Deutsche Bank highlighted explosive growth in AI computing demand as a substantial growth opportunity for the company, which offers comprehensive cloud-based services and industry-specific solutions.
The bank emphasized Kingsoft Cloud’s strategic cooperation with key shareholders Xiaomi and Kingsoft Group as securing a high-visibility growth roadmap, supported by their strong commitment and AI initiatives.
Deutsche Bank believes Kingsoft Cloud is well positioned to capture evolving market opportunities due to its technology expertise, financial flexibility for capital expenditure investments, and established operational scale that can unlock cost efficiencies.
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