<div id="readability-page-1"><div><p>CMBI issued a research report stating that KUAISHOU-W (01024.HK)<span> </span><span> +1.060 (+2.362%)  </span> <span> Short selling $525.13M; Ratio 17.800%  </span>  recorded total revenue growth of 3% YoY in 1Q26, largely in line with market expectations. During the period, adjusted net profit declined 26% YoY, but still exceeded market forecasts by 11%. Among its businesses, Kling AI maintained strong momentum, with 1Q26 revenue surging more than 300% YoY to RMB650 million.</p><p>Looking ahead to 2Q26, the broker expects KUAISHOU-Ws total revenue to grow 1% YoY, mainly driven by contributions from Kling AI and online marketing services. The broker remains optimistic about the companys AI business, believing it will support sustainable revenue growth and valuation recovery.</p><p>Given KUAISHOU-Ws increased investment in AI, the broker trimmed its earnings forecasts for FY2026-2028 by 1-3% and lowered its TP from HKD80 to HKD70.5, while reiterating a Buy rating. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-28 16:25.)</p></div></div>

01024

<p>CMBI has cut KUAISHOU-W's target price from HKD80 to HKD70.5 while maintaining a Buy rating. The company reported a 3% YoY revenue growth in 1Q26, with adjusted net profit down 26% YoY but exceeding forecasts. The strong performance of Kling AI, with over 300% YoY revenue growth, is expected to drive future growth despite a slight revenue increase forecast of 1% YoY for 2Q26.</p>

- CMBI's report on KUAISHOU-W (01024.HK) indicates a 3% YoY revenue growth in 1Q26, aligning with market expectations, despite a 26% decline in adjusted net profit.  
- The company’s Kling AI business experienced over 300% revenue growth to RMB650 million, supporting projected overall revenue growth of 1% YoY in 2Q26, driven by AI and online marketing services.  
- Following increased AI investments, CMBI lowered its earnings forecasts for FY2026-2028 by 1-3% and adjusted the target price from HKD80 to HKD70.5, maintaining a Buy rating.

CMBI Cuts KUAISHOU-W TP to HKD70.5, Reiterates Buy