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01024
KUAISHOU-W
HKD
61.5001.900
(3.19%)
1D
AI Analysis for 01024
AI Analysis
High
61.700
Open
59.300
VWAP
60.73
Vol
12.65M
Mkt Cap
308.58B
Low
59.200
Amount
768.05M
EV/EBITDA(TTM)
7.98
Total Shares
4.35B
EV
28.21B
EV/OCF(TTM)
7.23
P/S(TTM)
1.71
Kuaishou Technology is an investment holding company mainly engaged in the operation of a content community and social platform. The Company's businesses mainly include live streaming, online marketing services, and other services. Online marketing services primarily drive increased spending by leveraging artificial intelligence (AI) technology to optimize intelligent marketing product solutions. Other services mainly include e-commerce and the Kling AI business. Live streaming services mainly include group broadcasts and multi-person live streams. The Company also engages in local services and other businesses. The Company mainly operates its businesses in the domestic and overseas markets.
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News
4.5
01:35 AMaastocksHSI Starts 37 Points Up; JD.com Shows Strong Performance After Results; BYD COMPANY Sees Slight Increase
Market Overview: The HSI opened slightly higher at 25,358, with the HSCEI and HSTECH also showing modest gains, reflecting a positive start in the Hong Kong stock market.
JD Group Performance: JD-SW saw a significant rise of 7.375% despite reporting a 90% YoY decline in net profit, while JD Health and JD Logistics also experienced notable increases in their stock prices due to strong profit growth.
Tech Stocks Movement: Major tech stocks like Tencent and Alibaba showed slight gains, while others like Bilibili and XD Inc faced declines, indicating mixed performance within the sector.
Automotive Sector Updates: BYD Company opened with a slight increase after announcing new battery technology, while other automotive stocks like Xiaomi and Li Auto had varied performances, reflecting ongoing developments in the industry.
4.5
03-05aastocksHSI Rises by 334 Points; Commodities Steady; GEELY AUTO and NIO-SW Surge
Market Opening Performance: The HSI opened 334 points higher at 25,583, with the HSCEI and HSTECH also showing gains of 1.1% and 1.6%, respectively.
Commodity Stocks Movement: Commodity stocks like SD GOLD and ZHAOJIN MINING saw slight declines, while ZIJIN MINING and CHINAHONGQIAO experienced notable increases of 2.4% and 4.1%.
Tech Sector Trends: Major tech stocks such as TENCENT and KUAISHOU-W showed modest gains, while BABA-W and NTES-S experienced slight declines.
Carmakers' Performance: Carmakers like NIO-SW and GEELY AUTO opened significantly higher, with NIO-SW rising by 5.8%, while BYD COMPANY and XIAOMI-W also saw positive movement.
4.5
03-04aastocksHSI Drops 717 Points at Midday; Financial Sector Drives Downturn; AIA Falls Over 5%
Market Overview: The Hong Kong stock market experienced significant declines, with the HSI dropping as much as 804 points, closing down 717 points or 2.8% by midday, influenced by geopolitical tensions and a downturn in financial stocks.
Financial Sector Impact: Major financial institutions like HSBC and AIA saw substantial losses, with declines of 3.7% and 5.5% respectively, contributing to the overall market downturn.
Commodity and Shipping Stocks: Commodity stocks and shipping companies faced steep declines, with notable drops in companies like SD Gold and COSCO Ship Energy, reflecting broader market pressures.
Tech Sector Performance: The tech sector also struggled, with significant losses from major players like Tencent and Alibaba, although Netease saw a slight increase, indicating mixed performance within the industry.
6.5
03-04aastocks<Research>CLSA: Competition in AI Apps Intensifies, Boosting Advertising Expenditure Growth
AI Ads Spending Growth: AI applications are significantly driving ad spending growth in China, with expectations of reaching tens of billions of RMB this year, reflecting a year-on-year increase of 60-70%.
Market Competition: Major players like ByteDance and Tencent are leading the ad revenue growth due to their scale and efficiency, while Baidu and Kuaishou face challenges in inventory and conversion.
Brand Advertising Focus: Weibo and Focus Media primarily concentrate on brand advertising, with Focus Media having a unique position in offline ads through its partnership with Alibaba.
Short Selling Insights: The report includes data on short selling for various companies, indicating market sentiments and potential risks associated with their stock performance.
4.5
03-03aastocksHSI Closes 291 Points Lower; Commodity Stocks Decline, While PetroChina Rises 5%
Market Overview: The US-Iran war escalation negatively impacted global stock markets, with the Hong Kong stock market closing lower; the HSI fell by 1.1% to 25,768 points.
Gas and Oil Stocks Performance: KUNLUN ENERGY rose by 1.7%, while SINOPEC CORP dropped by 2.7%. PETROCHINA and CNOOC saw significant gains of 5% and 3.2%, respectively.
Decline in Gold and Lithium Stocks: Gold and silver stocks experienced substantial losses, with companies like SD GOLD and ZHAOJIN MINING falling between 5-6.3%. Lithium stocks also plummeted, with TIANQI LITHIUM and GANFENGLITHIUM down by 8.1% and 10.9%.
Tech Sector Movements: Major tech stocks like TENCENT and BABA-W saw slight declines, while NTES-S gained 1.4%, potentially benefiting from its inclusion in the Southbound Stock Connect.
Money Flow
Over the past 66 trading days, overall net money flow is -42.73M, with retail investors contributing 13.35M and major investors adding -96.79M.
Net Buy $ Volume
Net Sell $ Volume
Goldman Sachs
Goldman Sachs
Buy
maintain
$87
2026-02-13
Reason
Goldman Sachs reiterated a Buy rating on KUAISHOU-W due to several key factors. The report highlighted that the market currently undervalues the company's AI/Kling business, despite the stock price having previously aligned with industry performance. Additionally, the analysis indicated that the potential impact of tax burdens has already been largely reflected in the stock price. With the stock recently falling below the forecasted 2026 P/E ratio of 12x after adjustments, Goldman Sachs believes the current risk-reward scenario is more favorable for investors. The report also considered various controversies and growth prospects in a sluggish consumer environment, ultimately supporting their positive outlook on the stock with a target price of HKD87.
Goldman Sachs
Buy
Price Target
$87
2026-02-13
maintain
Goldman Sachs reiterated a Buy rating on KUAISHOU-W due to several key factors. The report highlighted that the market currently undervalues the company's AI/Kling business, despite the stock price having previously aligned with industry performance. Additionally, the analysis indicated that the potential impact of tax burdens has already been largely reflected in the stock price. With the stock recently falling below the forecasted 2026 P/E ratio of 12x after adjustments, Goldman Sachs believes the current risk-reward scenario is more favorable for investors. The report also considered various controversies and growth prospects in a sluggish consumer environment, ultimately supporting their positive outlook on the stock with a target price of HKD87.
JPMorgan
JPMorgan
Overweight
downgrade
$295 -> $280
2026-02-13
Reason
JPMorgan lowered its target price for NTES-S due to a 3% reduction in the 2026 EPS forecast, which reflects delays in the launch of new games. Specifically, the anticipated release dates for "Sea of Remnants" and "Ananta" have been pushed back, leading to the adjustment in the target price. Despite this, JPMorgan maintains an Overweight rating for NTES-S in the long term, considering it a top pick in China's digital entertainment sector, although it suggests that KUAISHOU-W may outperform NTES-S in the short term.
JPMorgan
Overweight
Price Target
$295 -> $280
2026-02-13
downgrade
JPMorgan lowered its target price for NTES-S due to a 3% reduction in the 2026 EPS forecast, which reflects delays in the launch of new games. Specifically, the anticipated release dates for "Sea of Remnants" and "Ananta" have been pushed back, leading to the adjustment in the target price. Despite this, JPMorgan maintains an Overweight rating for NTES-S in the long term, considering it a top pick in China's digital entertainment sector, although it suggests that KUAISHOU-W may outperform NTES-S in the short term.
CLSA
NULL
to
Buy
upgrade
$66 -> $80
2026-02-09
Reason
The analyst rating for KUAISHOU-W (01024.HK) was influenced by several key factors outlined in the BOCI research report. The report predicts that KUAISHOU will meet market expectations for its 4Q25 results, with a projected 10% year-over-year revenue growth and an adjusted net profit of RMB5.4 billion. Despite facing short-term challenges from intense competition and stricter tax scrutiny, the company's strategic focus on AI, particularly through its Kling AI initiative, is expected to unlock long-term monetization potential. BOCI believes that Kling AI will enhance KUAISHOU's global competitive advantage due to its model capabilities, customization features, user-friendly interface, and effective pricing strategy. As a result, the stock was upgraded to "Buy," and the target price was raised from HKD66 to HKD80.
CLSA
NULL
to
Buy
Price Target
$66 -> $80
2026-02-09
upgrade
The analyst rating for KUAISHOU-W (01024.HK) was influenced by several key factors outlined in the BOCI research report. The report predicts that KUAISHOU will meet market expectations for its 4Q25 results, with a projected 10% year-over-year revenue growth and an adjusted net profit of RMB5.4 billion. Despite facing short-term challenges from intense competition and stricter tax scrutiny, the company's strategic focus on AI, particularly through its Kling AI initiative, is expected to unlock long-term monetization potential. BOCI believes that Kling AI will enhance KUAISHOU's global competitive advantage due to its model capabilities, customization features, user-friendly interface, and effective pricing strategy. As a result, the stock was upgraded to "Buy," and the target price was raised from HKD66 to HKD80.
Citi
maintain
$85 -> $95
2026-02-09
Reason
The analyst rating from Citi is a "Buy" for KUAISHOU-W, with a target price of HKD95. The reasoning behind this rating includes the view that the recent fine of RMB119.1 million imposed by the Beijing cyberspace administration is manageable for the company. Additionally, Citi believes that the rectification requirements will have limited impact on KUAISHOU-W's operations in its live streaming and e-commerce businesses. Furthermore, the potential of KUAISHOU-W's Kling AI is also highlighted as a positive factor supporting the Buy rating.
Citi
Price Target
$85 -> $95
2026-02-09
maintain
The analyst rating from Citi is a "Buy" for KUAISHOU-W, with a target price of HKD95. The reasoning behind this rating includes the view that the recent fine of RMB119.1 million imposed by the Beijing cyberspace administration is manageable for the company. Additionally, Citi believes that the rectification requirements will have limited impact on KUAISHOU-W's operations in its live streaming and e-commerce businesses. Furthermore, the potential of KUAISHOU-W's Kling AI is also highlighted as a positive factor supporting the Buy rating.
CLSA
maintain
$83 -> $85
2026-02-04
Reason
The analyst rating for KUAISHOU-W (01024.HK) was reiterated as Outperform due to a forecasted 10% year-over-year increase in total revenue for 4Q25, reaching RMB38.8 billion, and a 16% growth in adjusted net profit to RMB5.4 billion. Additionally, the broker raised its adjusted net profit forecasts for 2026-27 by 2% and increased the target price from HKD83 to HKD85, reflecting positive expectations for the company's financial performance.
CLSA
Price Target
$83 -> $85
2026-02-04
maintain
The analyst rating for KUAISHOU-W (01024.HK) was reiterated as Outperform due to a forecasted 10% year-over-year increase in total revenue for 4Q25, reaching RMB38.8 billion, and a 16% growth in adjusted net profit to RMB5.4 billion. Additionally, the broker raised its adjusted net profit forecasts for 2026-27 by 2% and increased the target price from HKD83 to HKD85, reflecting positive expectations for the company's financial performance.
Citi Research
maintain
$88 -> $95
2026-01-29
Reason
Citi Research maintained a "Buy" rating for KUAISHOU-W (01024.HK) and raised its target price from $88 to $95 due to several factors. The analyst expects the company's revenue and adjusted earnings to be broadly in line with market consensus, despite a projected slowdown in GMV growth to 13% in 4Q25 due to current policy developments and high base effects. The anticipated efficiency gains from AI and strong performance in specific verticals, such as short dramas, comic-dramas, and mini-games, are expected to positively impact its advertising business in China. Additionally, Citi Research expects Kling AI to record strong year-over-year revenue growth, which contributed to the positive outlook and valuation adjustment.
Citi Research
Price Target
$88 -> $95
2026-01-29
maintain
Citi Research maintained a "Buy" rating for KUAISHOU-W (01024.HK) and raised its target price from $88 to $95 due to several factors. The analyst expects the company's revenue and adjusted earnings to be broadly in line with market consensus, despite a projected slowdown in GMV growth to 13% in 4Q25 due to current policy developments and high base effects. The anticipated efficiency gains from AI and strong performance in specific verticals, such as short dramas, comic-dramas, and mini-games, are expected to positively impact its advertising business in China. Additionally, Citi Research expects Kling AI to record strong year-over-year revenue growth, which contributed to the positive outlook and valuation adjustment.
UBS
UBS
Buy
maintain
$95 -> $108
2026-01-28
Reason
The analyst rating for KUAISHOU-W (01024.HK) was maintained at "Buy" by UBS due to several positive developments regarding its Kling AI app. The reasons for this rating include:
1. Significant User Growth: Kling AI's paying user scale grew by about 3.5 times month-over-month since January 2026, indicating strong demand and user acquisition.
2. Increased Revenue: The average daily revenue levels for Kling AI increased by approximately 30%, reflecting effective monetization strategies.
3. Rising Monthly Active Users: The app's monthly active users have surpassed 12 million, driven by product iterations, which suggests that the app is becoming more appealing to users.
4. Market Potential: UBS estimates that the global potential market user base for video generative AI could reach 90-140 million, with substantial annual revenue potential, indicating significant growth opportunities.
5. Lower Market Penetration: The current lower market penetration rate suggests that Kling AI has larger growth potential ahead.
6. Revised Financial Projections: UBS raised its 2026 revenue forecast for Kling AI to RMB2.3 billion, further supporting the positive outlook.
Based on these factors, UBS raised its target price for KUAISHOU-W from $95 to $108, reinforcing their bullish stance on the stock.
UBS
Buy
Price Target
$95 -> $108
2026-01-28
maintain
The analyst rating for KUAISHOU-W (01024.HK) was maintained at "Buy" by UBS due to several positive developments regarding its Kling AI app. The reasons for this rating include:
1. Significant User Growth: Kling AI's paying user scale grew by about 3.5 times month-over-month since January 2026, indicating strong demand and user acquisition.
2. Increased Revenue: The average daily revenue levels for Kling AI increased by approximately 30%, reflecting effective monetization strategies.
3. Rising Monthly Active Users: The app's monthly active users have surpassed 12 million, driven by product iterations, which suggests that the app is becoming more appealing to users.
4. Market Potential: UBS estimates that the global potential market user base for video generative AI could reach 90-140 million, with substantial annual revenue potential, indicating significant growth opportunities.
5. Lower Market Penetration: The current lower market penetration rate suggests that Kling AI has larger growth potential ahead.
6. Revised Financial Projections: UBS raised its 2026 revenue forecast for Kling AI to RMB2.3 billion, further supporting the positive outlook.
Based on these factors, UBS raised its target price for KUAISHOU-W from $95 to $108, reinforcing their bullish stance on the stock.
JPMorgan
maintain
$89
2026-01-06
Reason
The analyst rating for KUAISHOU-W (01024.HK) is primarily based on the strong performance driven by the circulation of AI-generated pet dancing videos on social networks, which has positively impacted Kling AI's performance in mobile platforms, particularly in overseas markets. Despite expectations that Kling AI's revenue growth in the first quarter of 2026 may not be as significant due to its reliance on PC platforms, the overall strong performance indicates that AI video generation is a crucial area for the development of generative AI. Additionally, JPMorgan sees substantial upside potential for monetization on both the enterprise and consumer sides. The firm predicts a 20% growth in KUAISHOU-W's earnings for 2026, leading to an "Overweight" rating with a target price of $89.
JPMorgan
Price Target
$89
2026-01-06
maintain
The analyst rating for KUAISHOU-W (01024.HK) is primarily based on the strong performance driven by the circulation of AI-generated pet dancing videos on social networks, which has positively impacted Kling AI's performance in mobile platforms, particularly in overseas markets. Despite expectations that Kling AI's revenue growth in the first quarter of 2026 may not be as significant due to its reliance on PC platforms, the overall strong performance indicates that AI video generation is a crucial area for the development of generative AI. Additionally, JPMorgan sees substantial upside potential for monetization on both the enterprise and consumer sides. The firm predicts a 20% growth in KUAISHOU-W's earnings for 2026, leading to an "Overweight" rating with a target price of $89.
Shenwan Hongyuan
Shenwan Hongyuan
maintain
2026-01-06
Reason
The analyst rating from Shenwan Hongyuan for KUAISHOU-W (01024.HK) is a "Buy" despite lowering the revenue forecast for 2025-27 due to macroeconomic pressures and changes in the live streaming ecosystem. The firm maintained its profit forecast for 2025 and adjusted the net profit estimates for 2026-27, indicating confidence in the company's future performance and potential for growth, particularly in light of the strong performance of KUAISHOU-W's Kling AI, which reflects significant monetization potential.
Shenwan Hongyuan
Price Target
2026-01-06
maintain
The analyst rating from Shenwan Hongyuan for KUAISHOU-W (01024.HK) is a "Buy" despite lowering the revenue forecast for 2025-27 due to macroeconomic pressures and changes in the live streaming ecosystem. The firm maintained its profit forecast for 2025 and adjusted the net profit estimates for 2026-27, indicating confidence in the company's future performance and potential for growth, particularly in light of the strong performance of KUAISHOU-W's Kling AI, which reflects significant monetization potential.
Goldman Sachs
Goldman Sachs
maintain
HKD83
2025-12-03
Reason
Goldman Sachs maintained a "Buy" rating on Kuaishou (01024.HK) due to several key factors. The recent launch of "Kling O1," a unified multimodal creation tool, is expected to drive significant growth, particularly as corporate demand for Kling models has surged, now accounting for about 40% of Kuaishou's revenue. The firm anticipates that the ongoing expansion of Kuaishou's overseas business development team and the acquisition of more corporate clients in various sectors will serve as primary growth drivers over the next 1-2 years. Additionally, Goldman Sachs projects substantial revenue growth for the Kling AI business, forecasting over USD140 million in 2025 and an increase to between USD230-240 million by 2026. The potential for upward revisions in revenue forecasts for the Kling AI business in 4Q25 further supports their positive outlook, leading to a target price of HKD83.
Goldman Sachs
Price Target
HKD83
2025-12-03
maintain
Goldman Sachs maintained a "Buy" rating on Kuaishou (01024.HK) due to several key factors. The recent launch of "Kling O1," a unified multimodal creation tool, is expected to drive significant growth, particularly as corporate demand for Kling models has surged, now accounting for about 40% of Kuaishou's revenue. The firm anticipates that the ongoing expansion of Kuaishou's overseas business development team and the acquisition of more corporate clients in various sectors will serve as primary growth drivers over the next 1-2 years. Additionally, Goldman Sachs projects substantial revenue growth for the Kling AI business, forecasting over USD140 million in 2025 and an increase to between USD230-240 million by 2026. The potential for upward revisions in revenue forecasts for the Kling AI business in 4Q25 further supports their positive outlook, leading to a target price of HKD83.
Valuation Metrics
Forward PE
N/A
5Y Average PE
1.45
Current PE
12.66
Overvalued PE
5.65
Undervalued PE
-2.75
Forward EV/EBITDA
N/A
5Y Average EV/EBITDA
4.46
Current EV/EBITDA
6.71
Overvalued EV/EBITDA
33.30
Undervalued EV/EBITDA
-24.37
Forward PS
5Y Average PS
1.68
Current PS
1.68
Overvalued PS
2.08
Undervalued PS
1.27
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