BofA Securities maintains an optimistic outlook on KUAISHOU-W due to the strong position of its Kling AI video model and the acceleration of its commercialization. They expect an increase in Kling AI revenue forecasts and are monitoring model upgrades. Despite anticipated slower growth in KUAISHOU-W's core business this year, they predict a return to growth next year. The Buy rating is upheld with a target price of HKD63, as the valuation is considered attractive.
