KINGSOFT CLOUD Shares Plunge Over 11%, Aiming to Raise HKD2.76B Through 8.8% Discounted Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Source: aastocks
Stock Performance: KINGSOFT CLOUD (03896.HK) opened 5.4% lower at HKD8.6, dropped by 11.3% to HKD8.06, and last traded at HKD8.38, down 7.8% with a trading volume of 48.07 million shares.
Share Placement Announcement: The company announced a placement of 338 million shares at HKD8.29 per share, aiming to raise HKD2.802 billion, which is an 8.8% discount to the previous closing price of HKD9.09.
Analyst Views on 03896
Wall Street analysts forecast 03896 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03896 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 6.530
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Current: 6.530
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
