HSBC: KUAISHOU may benefit from its video generation model, maintaining a buy rating and raising the target price

HSBC's report indicates that KUAISHOU may benefit from its video generation model. HSBC analysts stated that ByteDance's Seedance, Google's Veo 3, and KUAISHOU's Keling 2.1 are becoming major competitors in the video generation field, each with its own advantages. These analysts noted that, with relatively low entry barriers, there are currently no clear winners, and at this stage, users can easily switch from one application to another. That said, KUAISHOU's Keling AI has room for upward movement in terms of commercialization and valuation. HSBC maintains a buy rating on KUAISHOU and raises its target price from HKD 75.00 to HKD 82.00, citing the valuation upside potential of Keling AI