Glory 11/28 | kingsoft Cloud (3896.HK) rose 12.65% at the opening, closing at HK$3.65. The overnight US stock market closed up 17.42% at HK$7.01, equivalent to HK$3.63 per share in the Hong Kong stock market. Zhongjin recently released research reports indicating that Kingsoft Cloud previously announced the renewal and revision of the related party transaction framework agreement with Kingsoft and Xiaomi, anticipating a continuous improvement in revenue contribution from Xiaomi and Kingsoft ecosystems, enhancing overall revenue visibility, while driving operational cash flow back and providing support for incremental computing power input. Zhongjin maintains its profit forecast for Kingsoft Cloud in the next two years, maintains an "outperform industry" rating, and based on performance visibility and increased market risk preference, raises the US target price by 46% to $9.5. (Glory)