The cloud business of the three overseas giants has grown rapidly.
During the Spring Festival, the three major overseas cloud computing giants released their performance, and the cloud business continued to maintain rapid growth. Specifically, Microsoft’s smart cloud business revenue in the fourth quarter of 2021 was $18.327 billion, with a year-on-year increase of 25.52%, of which azure and other cloud service revenue increased by 46%; Amazon’s AWS revenue reached US $17.78 billion in the fourth quarter of 2021, with a year-on-year increase of 39.54%, further accelerating compared with the third quarter; Google’s cloud revenue in the fourth quarter of 2021 was $5.541 billion, a year-on-year increase of 44.64%.
Some North American cloud manufacturers also successively announced the capital expenditure in the fourth quarter of 2021 during the Spring Festival. In the fourth quarter of 2021, capex (capital expenditure) of the four giants in North America totaled about US $35.1 billion, a year-on-year increase of 22%. Meanwhile, Amazon’s cloud computing business AWS revenue increased by nearly 40% to US $17.78 billion in the fourth quarter.
In terms of capital expenditure in 2022, in addition to the meta that has previously announced a significant revision of capital expenditure, Google also said at the earnings call that capital expenditure will rise “meaningfully” in 2022. Amazon said that capex will still grow year-on-year in 2022. Microsoft’s capital expenditure is mainly in the expansion of data centers and existing availability areas, which will fluctuate reasonably between quarters.
Overseas cloud computing is growing rapidly, and relevant Chinese companies are also expected to take advantage of the trend. Citic Securities Company Limited(600030) believes that the window for the restart of capital expenditure of China’s cloud computing giant is approaching . Combined with the research on the upstream of the industrial chain and the calculation of Citic Securities Company Limited(600030) own model, is expected to have a high probability of reversal from the end of the first quarter to the second quarter of 2022.
On January 12, 2022, the State Council issued the 14th five year plan for the development of digital economy, which further highlighted the importance of developing digital economy and promoting digital transformation. Dongguan Securities believes that cloud computing has become an important technical means to reduce costs and increase efficiency in the digital transformation of enterprises. It has the certainty of growth . It is recommended to continue to pay attention to it. It is recommended to pay attention to the target cloud computing: Yonyou Network Technology Co.Ltd(600588) , Inspur Electronic Information Industry Co.Ltd(000977) , Shanghai Baosight Software Co.Ltd(600845) , Glodon Company Limited(002410) , Beijing Kingsoft Office Software Inc(688111) .
On the whole, there are more than 60 cloud computing concept stocks in the A-share market. With the adjustment of the general trend, the cloud computing concept has a trend of high before and low after. The concept index has fallen by more than 6% since January. In terms of individual stocks, more than 20 stocks, including Westone Information Industry Inc(002268) , Shenzhen Zqgame Co.Ltd(300052) , Beijing Supermap Software Co.Ltd(300036) , have fallen by more than 10%.
Some cloud computing concept stock institutions pay high attention. Specifically, Hundsun Technologies Inc(600570) , Beijing Kingsoft Office Software Inc(688111) , Glodon Company Limited(002410) and other stocks are rated by more than 30 institutions, Sangfor Technologies Inc(300454) , Shanghai Baosight Software Co.Ltd(600845) , Inspur Electronic Information Industry Co.Ltd(000977) and more than 10 stocks are rated by more than 10 institutions. Glodon Company Limited(002410) the net profit attributable to the parent company is expected to be 650-700 million yuan, with a year-on-year increase of 96.74% – 111.87%; It is expected to realize a net profit of 622-672 million yuan, a year-on-year increase of 106.32% – 122.9%. Guoyuan Securities Company Limited(000728) believes that the company’s performance growth is in line with expectations. With the integration with Hongye Technology, the company’s long-term growth space has been gradually opened, and the third growth curve has been opened after cost and construction.
