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<Research>Brokers' Latest Ratings, TPs, Views on KUAISHOU-W
Recommend 39 Positive 83 Negative 39 |
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AASTOCKS Financial News has compiled the latest investment ratings, TPs and views on KUAISHOU-W (01024.HK) from eight brokers as follows: Brokers| Ratings | TPs | Core Views CICC | Outperform | HKD72.8 Core business performance is solid, with strong growth in Kling AI expected to recover. Citi | Buy | HKD72 Although the e-commerce business faces macro pressure and slowing growth, Kling AI maintains solid momentum, with 1Q ARR of approximately USD500 million. Earnings forecasts were slightly adjusted to reflect e-commerce pressure. Goldman Sachs | Buy | Cut to HKD70 1Q results met expectations. Kling AI momentum far exceeded expectations, with March annualized revenue close to USD500 million, driving a positive narrative shift. However, 20262028 earnings forecasts were lowered by 4-7% to reflect higher AI spending and a slowdown in advertising and live-streaming prospects. UBS | Buy | HKD68 -> HKD70 1Q results were in line. Kling AI monetization was the key highlight, with strong ARR growth. The broker raised its 2Q Kling AI revenue forecast. CLSA | Outperform | HKD68 1Q results met expectations. Kling AI commercialization is accelerating, with March ARR reaching USD500 million. Online marketing faces macro challenges and the trend is expected to persist, but Kling AI will be the major growth engine going forward. Morgan Stanley | Overweight | HKD65 Strong Kling AI growth but weaker-than-expected performance in other segments. Earnings forecasts were lowered to reflect weakness in core businesses offsetting Kling AI contribution growth. Nomura | Neutral | HKD57 1Q results were mixed. Non-IFRS operating profit missed expectations and 2Q guidance was below market forecasts. Kling AI was a bright spot (revenue exceeding RMB650 million), but slower advertising growth and AI investment will pressure margins. Daiwa | Buy | HKD63 -> HKD72 1Q results were broadly in line. Kling AI has become a catalyst for valuation re-rating, with improved revenue visibility. However, increased AI investment will weigh on core operations. 2026-27 EPS forecasts were cut by 5-8%. UOB Kay Hian | Buy | HKD82 1Q results met expectations, with strong Kling AI revenue. Management guided for a more than 31% decline in 2Q profit, in line with the broker's and market expectations. Jefferies | Buy | HKD82 1Q revenue and non-IFRS net profit beat expectations. Kling AI March ARR reached USD500 million. Total revenue for 2Q is expected to rise 1% YoY. Kling AI revenue is projected at RMB840 million, above the market estimate of RMB541 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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