CLSA said in a report that KUAISHOU-W (01024.HK) +0.660 (+1.471%) Short selling $817.42M; Ratio 19.341% 's Kling AI is expected to deliver another surprise in 1Q26, but marketing revenue growth may slow amid intensifying competition and regulatory impact. The broker forecast 1Q total revenue to grow 2.6% YoY to RMB33.5 billion, while adjusted EBIT is expected to decline 24.2% YoY to RMB3.7 billion, mainly due to increased AI investment.The report said Kling AI's annualized revenue should have exceeded USD300 million. Continuous technological upgrades will help accelerate its commercialization and penetration into high-value video production segments. The broker believes Kling AI has the potential to become one of the top three generative video models globally and secure a position in the USD300 billion global content creation market.Related News CMS: KUAISHOU-W (01024.HK) 1Q26 Results Beat; Kling Commercialization Accelerates MonetizationCLSA noted that KUAISHOU-W's current valuation is attractive, corresponding to an estimated 2027 adjusted P/E of only 11.5x. It maintained an Outperform rating with a TP of HKD68. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)
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