Hong Kong Hot Stock Analysis: Kingsoft Corporation (03888.HK)

Kingsoft Corporation (03888.HK) is a technology/software company listed on the Hong Kong Stock Exchange [0]. The stock entered the East Money App Hong Kong Stock Hot List (Popularity List) on December 11, 2025, with the main catalyst being the company’s share repurchase operation on December 10. According to Zhitong Finance reports, Kingsoft repurchased 345,000 shares, involving approximately HK$9.9972 million [2].

In terms of price and trading volume, the closing price on December 9 was about HK$29.20, rising HK$0.20 (+0.691%) that day [1]. Although real-time trading volume data for December 11 is missing, the repurchase operation and entry into the hot list indicate an increase in trading activity. Additionally, short selling data on December 9 shows a short selling amount of HK$28.2 million and a short selling ratio of 21.682% [1], which indicates certain divergence in market opinions on this stock.

1. Impact of Repurchase Signal
   : Share repurchases are usually interpreted as management believing the current stock price is undervalued. This operation sends a positive signal and is the main reason for attracting investor attention [2].
2. Obvious Market Divergence
   : A high short selling ratio of 21.682% indicates significant short interest, contrasting with the positive sentiment brought by the repurchase, reflecting different market views on the company’s prospects [1].
3. Increased Short-Term Attention
   : Entering the Hong Kong Stock Hot List indicates a significant increase in investor attention, which may drive stock price fluctuations in the short term, but further observation is needed in combination with subsequent market reactions.

• A relatively high short selling ratio (21.682%) may trigger short covering or amplify declines if the stock price fluctuates [1].
• The scale of this repurchase is relatively small (HK$9.9972 million), so its long-term impact on the stock price may be limited [2].
• Real-time trading data for December 11 is missing; attention should be paid to the actual price trend that day.

• The confidence signal released by management through the repurchase may attract some long-term investors.
• Increased short-term attention may bring trading opportunities, but cautious operation is needed.

Kingsoft Corporation (03888.HK) entered the Hong Kong Stock Hot List due to its share repurchase operation on December 10, sending a positive signal that management recognizes the company’s value. On December 9, the stock price was about HK$29.20, rising 0.691%, but there was also a high short selling ratio of 21.682%, indicating market divergence. Investors need to pay attention to the subsequent reaction to the repurchase news, the day’s trading data, and changes in short selling conditions to comprehensively evaluate investment opportunities.