Kingsoft Corporation (03888.HK): Reasons for Inclusion in Hong Kong Stock Hot List and Market Analysis

Kingsoft Corporation (03888.HK) is a company in the electronic game and multimedia industry under the Hong Kong Stock Exchange’s communication services sector [0]. It was included in the East Money App Hong Kong Stock Hot List on December 4, 2025 [1]. The stock price trend on that day showed: opening at 28.20 HKD, highest at 28.38 HKD, lowest at 27.74 HKD, closing at 28.18 HKD, an increase of 0.08 HKD (+0.28%) [0]. The trading volume was 8.785 million shares, only 53% of the 52-week average volume (16.558 million shares) [0], indicating that the price change lacks strong capital support. In the medium term, the stock has fallen by 1.88% in the past month, 15.63% in the past six months, and 12.48% year-to-date, showing an obvious downward trend [0].

Possible driving factors for inclusion in the hot list include: 1) The price is close to the 52-week low of 27.24 HKD, triggering investors’ discussions about “bottom-fishing”; 2) Hong Kong tech stocks were generally active that day (e.g., Xiaomi Group (1810.HK) rose by 4.38%), and Kingsoft Corporation, as a tech sector stock, was driven by sentiment; 3) As a mainstream domestic financial platform, the East Money App’s hot list ranking reflects the short-term increase in attention from retail investors [0].

1. Contradiction between Low Stock Price and Market Attention
   : Kingsoft’s current price is close to its 52-week low, but it has attracted increased attention from retail investors, reflecting their interest in bottom-fishing opportunities. However, insufficient trading volume (only 53% of the average) suggests that the market has low consensus on price increases, and the short-term market trend may be more driven by sentiment rather than fundamental improvement [0].

2. Long-term Trend of Underperforming the Market
   : The stock has fallen by 12.48% year-to-date, while the Hang Seng Index rose by 29.29% over the same period, significantly underperforming the market [0]. This indicates potential issues with the stock’s fundamentals or industry competition, and attention should be paid to the company’s future business updates or performance improvements.

3. Difference in Expectations Between Institutions and Retail Investors
   : The average analyst target price is 40.82 HKD, much higher than the current price of 28.18 HKD [0]. However, there is a lack of clear news on institutional rating updates or research activities in the short term, leading to a significant gap in expectations for the stock price between institutions and retail investors.

1. Risk of Breaking Support Level
   : The price is close to the 52-week low of 27.24 HKD; if it breaks below this support level, further selling may be triggered [0].
2. Unustainable Rebound
   : The day’s rise lacked volume coordination, so the short-term rebound may be unsustainable [0].
3. No Short-term Fundamental Catalysts
   : No major news directly affecting the company’s performance or business has been found recently, and the market driver is single [0].

1. Advantage of Low Price
   : The current price is close to the 52-week low; if there are fundamental catalysts (e.g., business breakthroughs, performance improvements), it may trigger valuation repair [0].
2. Institutional Target Price Upside
   : The average analyst target price of 40.82 HKD is 1.45 times the current price of 28.18 HKD, leaving significant upside potential [0].

Kingsoft Corporation (03888.HK) was included in the East Money App Hong Kong Stock Hot List on December 4, 2025. Its current price of 28.18 HKD is close to its 52-week low of 27.24 HKD. It rose slightly by 0.28% on the day, but the trading volume was less than 53% of the average level. It is in a medium-term downward trend, falling by 12.48% year-to-date and underperforming the Hang Seng Index. The inclusion in the hot list may be driven by the low price, linkage with the tech sector, and increased attention from retail investors, but the short-term market trend lacks volume support. Attention should be paid to the 27.24 HKD support level and future fundamental changes.