GJKUASO@EC2702A (14124.HK) Latest News & Headlines | Longbridge

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KUAISHOU-W Buys Back 2.113 Million Shares for HKD69.98 Million
AASTOCKS News·7 hours ago
- KUAISHOU-W disclosed that it repurchased 2.113 million shares on August 24 for approximately HKD 69.98 million. - The transaction prices ranged from HKD 33.02 to HKD 33.26 per share on the Stock Exchange. - The company has cumulatively repurchased 27.6402 million shares, representing 0.6388% of its share capital since June 25, 2026.
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Guohai Securities Remains a Buy on Kuaishou Technology Class B (1024)
Tip Ranks·13 hours ago
- Guohai Securities maintained a Buy rating on Kuaishou Technology Class B with a price target of HK$ 49.00. - DBS also issued a Buy rating for the stock, whereas China Renaissance downgraded it to a Hold on August 20. - These recent analyst reports reflect mixed investment sentiment regarding the company's market performance.
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Hong Kong Midday: Hang Seng Tumbles Over 2%; Alibaba Slumps Nearly 10% on Share Placement; Sinopec Bucks Trend, Up Over 4%
Market Pulse·18 hours ago
- At the midday close on August 24, Hong Kong stock indices declined collectively, with the Hang Seng Index down 2.09% to 25465.23 points and a total turnover of approximately 1679 billion HKD. - Alibaba's record 80 billion HKD share placement triggered a broad tech sector sell-off, causing its stock to plummet nearly 10% and fall below the placement price. - Conversely, Sinopec rose over 4% following a 12% increase in mid-term net profit, while Livzon Pharmaceutical dropped over 14% after reporting declining mid-term earnings.
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HK Midday: Hang Seng Tumbles 2% as Alibaba's Record HK$80 Bln Placement Hammers Techs; Gold, Oil Stocks Shine
Market Pulse·20 hours ago
- On August 24, Hong Kong stocks declined significantly, with the Hang Seng Index falling 2.00% to 25488.47 points. - Alibaba's record 80 billion HKD share placement triggered a sharp drop in tech stocks, while Michael Burry's clearance of his stake added to market concerns. - Meanwhile, petroleum and gold stocks strengthened counter-trend due to strong corporate earnings and surging gold prices exceeding 4700 USD per ounce.
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Kuaishou hits 52-week low as shares fall 4% in Hong Kong trading
HK Stock Market Update·21 hours ago
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Weekly Recap: Q2 revenue up, profit down at 1024 and Daiwa cuts H2 GMV
TradingView·1 day ago, 06:13 PM
- Kuaishou Technology Class B reported Q2 2026 revenue of RMB35.5B with daily active users reaching 412.3M and an adjusted net profit of RMB3.9B. - The company's net profit experienced a 36% year-on-year decline alongside marketing revenue of RMB20.6B. - Daiwa downgraded the stock to Hold and cut its target to HK$72 due to anticipated weaker H2 GMV and softer advertising.
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KUAISHOU-W Repurchases 4.415 Million Shares for HKD150 Million
AASTOCKS News·1 day ago, 05:31 AM
- KUAISHOU-W disclosed in a filing that it repurchased 4.415 million shares for approximately HKD150 million on August 21, 2026. - The transactions were executed on the Stock Exchange at prices ranging from HKD33.42 to HKD34.52 per share. - Since June 25, 2026, the company has cumulatively repurchased 25.5272 million shares, accounting for 0.59% of its share capital.
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Weekly Recap | KUAISHOU-W -14.12%, brokers slash ratings after Q2 miss
Weekly Review·2 days ago, 01:34 AM
- Kuaishou-W shares accumulated a 14.12 % decline this week to close at 34.42 HKD amid heavy selling pressure and weak technical indicators. - The drop followed second-quarter results showing a 36 % year-over-year decline in net profit and warnings of mounting main business pressures. - Major institutions significantly downgraded the company's ratings and target prices due to AI investments impacting short-term profits.
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Kuaishou files HKEX next-day disclosure return reporting 23,076 new shares issued, lifting share capital
PUBT·Aug 21 at 06:49 AM
- Kuaishou filed a next-day disclosure return on August 21, 2026, reporting the issuance of 23,076 new Class B shares from employee option exercises. - This issuance lifted the total issued shares to 4,326,938,000, consisting of 3,664,079,004 Class B shares and Class A shares. - The company also repurchased 4,415,000 Class B shares on the same day for HKD 150.04 million, bringing total uncancelled repurchased shares to 13,230,000.
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BofAS Cuts KUAISHOU-W TP to HKD53, Reiterates Buy as AI Investment Cycle Overlaps Brief Hiccups in Core Biz
AASTOCKS News·Aug 20 at 11:06 PM
- BofA Securities lowered KUAISHOU-W's target price from HKD63 to HKD53 while reiterating its Buy rating following its 2Q financial results. - The company's 2Q revenue grew 1 % YoY and adjusted net profit fell 30 % YoY, alongside strong Kling AI revenue reaching RMB850 million. - The broker adjusted future profit forecasts downward due to core business weaknesses overlapping with an ongoing AI investment cycle.
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CMBI Cuts KUAISHOU-W TP to HKD63.8, Reiterates Buy; AI Monetization Progressing as Scheduled
AASTOCKS News·Aug 20 at 11:06 PM
- CMBI reported KUAISHOU-W's 2Q revenue rose 1 % YoY with adjusted net profit falling 30 % YoY, and lowered its 2026 to 2028 earnings forecasts to RMB 8.9 billion, RMB 11.5 billion, and RMB 13.9 billion, respectively. - The broker cut the target price from HKD 70.5 to HKD 63.8 while maintaining a Buy rating, noting that revenue and profit in 2H26 will face pressure from AI investment and macroeconomic challenges. - CMBI maintained a positive outlook on Kling AI's long-term leadership and monetization potential despite noting that earnings contributions will take time to improve.
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Nomura Cuts KUAISHOU-W TP to HKD40, Maintains 'Neutral' Rating
AASTOCKS News·Aug 20 at 11:06 PM
- Nomura maintained its Neutral rating on KUAISHOU-W while cutting its target price from HKD 51 to HKD 40 due to faster-than-expected core business slowdowns. - The broker forecasts Kuaishou's 2H e-commerce GMV to decline 9% to 10% YoY and advertising revenue to drop 5% YoY amid macro headwinds. - Nomura noted that Kuaishou faces a steeper downturn compared to more resilient industry peers like Alibaba and JD.com.
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HSBC Research Axes KUAISHOU-W TP by ~31% to HKD45; Core Biz May Face More Challenges in Short Term
AASTOCKS News·Aug 20 at 10:21 PM
- HSBC Global Investment Research cut KUAISHOU-W's target price by 30.8% from HKD65 to HKD45 while maintaining a Buy rating. - The core business faces short-term challenges in 2H26 due to macro and regulatory factors, though Kling AI continues to drive ARR growth. - The company's capital returns through share buybacks and dividends are expected to provide valuation support with a projected 4% shareholder yield this year.
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G Sachs Downgrades KUAISHOU-W to "Neutral", Slashes TP 44% to HKD38, Expects Continued Slowdown in Core Business
AASTOCKS News·Aug 20 at 10:21 PM
- Goldman Sachs downgraded KUAISHOU-W from "Buy" to "Neutral" and slashed its target price by 44.1% to HKD38 following second-quarter results. - The rating adjustment reflects expectations of a sustained slowdown in core commercial businesses and higher artificial intelligence spending leading to lowered net profit forecasts. - The broker reduced revenue forecasts for 2026 to 2028 by 5% to 10% and net profit forecasts by 40% to 45% due to weaker advertising growth and operating deleveraging.
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CMSI Downgrades KUAISHOU-W to Underweight in One Step, Slashes TP to HKD28
AASTOCKS News·Aug 20 at 09:21 PM
- CMSI downgraded KUAISHOU-W (01024.HK) from Overweight to Underweight and slashed its target price from HKD64 to HKD28. - The downgrade was driven by weaker-than-expected AI commercialization and core business declines, with revenue projected to enter negative growth in 2H26. - The broker sharply cut core net profit forecasts for 2026 and 2027 by 47% and 52% respectively due to intensifying competition and operating deleveraging.
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