HUKUASO@EC2612C

Kuaishou-W repurchased 1.1 million shares for HKD 49.5145 million

Kuaishou Announces a 26 Billion Investment in Keling AI and Ceases GMV Disclosure to Shift Towards High-Quality Growth

Kuaishou Technology Releases UniMixer, Unifying Three Major Algorithms in Recommendation Systems

Kuaishou's Kling AI Model Launches Membership Discounts to Drive Commercialization

Kwai's E-commerce Platform Sees 303% YOY Growth in New Product GMV During March Launch Season

Kuaishou Announces Ongoing Crackdown on 'Doxxing,' Has Dealt with Over 6,000 Violating Accounts

Kuaishou repurchases 1.1 million shares

Kuaishou clarifies it will return to the essence of content e-commerce in 2026, deeply empowering its core business with AI

Kuaishou Distributes Concert Tickets to Fans to Enhance Community Engagement

Retail Weekly: Meituan maintains 60% market share in food delivery, while Kuaishou heavily invests in short dramas to compete for high-quality copyright holders

Kuaishou's short drama series releases report card, total views exceed 50 billion

Kuaishou Provides Exclusive Content and Benefits for Teens in Times Concert Fans

Kuaishou Technology Downgraded to 'Hold' by Seeking Alpha, Citing Poor Near-Term Setup

CSC Financial Reiterates Buy Rating on Kuaishou Technology B Shares

Kuaishou's Advertising System Enters the Era of Generative Recommendation with the Launch of GR4AD Model

Five Chinese departments jointly regulate online platform recruitment, Kuaishou named

Kuaishou launches the "Qingfeng Plan" special social recruitment program, opening up growth channels for workplace newcomers

Kuaishou-W repurchased 1.1 million shares for HKD 49.3875 million

UBS cuts Kuaishou's target price to HK$68 and lowers its EPS forecast for 2026-2028

Kuaishou Establishes Short Drama Business Center and Launches 'Magnetic New Drama Plan'

SOMERLEY CAP

SAMPLE TECH

CH FRONTIER TEC

WANJIA GROUP

CHINA FORTUNE

YOUZAN

PINESTONE

LUXXU GROUP

MAGNUSCONCORDIA

INTELLIMARK W27

03317

02513

01024

09988

00700

As of noon, the three major indices of the Hong Kong stock market have collectively entered a correction, with the Hang Seng Tech Index leading the decline, putting short-term pressure on market sentiment. On the market, AI computing power and large model sectors performed remarkably, becoming the core track for capital inflows against the trend. Leaders XunCe and ZhiPu both surged significantly, effectively offsetting the impact of the weakening of tech blue chips, reflecting the market's high recognition of hard technology and innovation sectors

- As of April 9, Hong Kong's stock market indices faced a collective decline, with the Hang Seng Index down 0.35% at 25,801.87 points.  
- The technology sector exhibited significant divergence; while AI-related stocks like XunCe and ZhiPu rose sharply, leading firms in internet content like Kuaishou fell, indicating cautious sentiment in advertisement growth.  
- Market focus shifted to AI innovations and high-growth stocks amid macroeconomic fluctuations, with increasing scrutiny on international trade and structural investment opportunities.

LB Select

XUNCE

KNOWLEDGE ATLAS

KUAISHOU-W

BABA-W

TENCENT

Hong Kong Stock Midday Review | Hang Seng Index slightly fell by 0.35%, technology sector performance varied, AI computing power rose against the trend, XunCe surged by 15.58%

159621

517770

512380

159805

520670

Rating agency S&P warned that KUAISHOU's free cash flow may shrink by more than half this year due to intense competition in the Chinese internet sector and increased demand for AI investments. Capital expenditures are expected to increase by about 70%, primarily for AI model training and data center construction. S&P predicts that KUAISHOU's free cash flow will drop to less than RMB 5 billion annually in 2026 and 2027, down from the previous estimate of RMB 10 billion, with free cash flow for 2025 estimated at around RMB 12 billion

AASTOCKS

Guotai MSCI China A ESG General ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Yinhua MSCI China A ETF

Penghua CSI Media ETF

Harvest Hang Seng SCHK Technology ETF

S&P: KUAISHOU's free cash flow may be cut by more than half this year, with capital expenditures increasing by 70%

06869

00585

01729

00883

00005

As of the close, the Hong Kong stock main board performed extremely strongly throughout the day, with all three major indices recording significant gains, and market sentiment experiencing a significant recovery. The Hang Seng Tech Index outperformed the market, rising over 5%, successfully reclaiming ground lost in recent adjustments. In the market, technology hardware and communication equipment sectors were particularly outstanding, becoming the core focus for capital inflow for the day. Leading stocks such as ILUVATAR COREX and YOFC saw increased trading volume and led the gains, effectively driving the activity in the domestic AI computing power and optical communication industry chains

- The Hong Kong stock market saw significant gains, with the Hang Seng Index closing at 25,893.02, up 3.09%, recovering above 25,000 points.  
- The technology sector led the rally, particularly Longi Green Energy and Tencent, which rose 18.94% and 3.84%, respectively, driven by strong investor interest.  
- Macro factors such as export data and liquidity improvements influenced market sentiment, with investors showing a preference for growth opportunities despite some sectors experiencing capital outflows.

YOFC

IMAGI INT'L

GLOBALSTRAT

TIME INTERCON

ILUVATAR COREX

MEITUAN

XIAOMI-W

CNOOC

POP MART

HSBC HOLDINGS

Hong Kong Stocks Close | HSI Surges 3.09% Back Above 25,800; Tech Hardware Leads Gains, Hang Seng Tech Index Soars Over 5%

06088

01617

As of the close, the three major Hong Kong stock indices collectively rebounded, and market sentiment recovered significantly. The HSI returned to the 25,000-point mark, with the technology index outperforming the broader market, sweeping away the previous adjustment phase. In the market, the technology hardware and communication equipment sectors were extremely active throughout the day, becoming the absolute main attractors of capital. Leaders ILUVATAR COREX and YOFC surged on heavy volume, successfully driving resonance across the domestic AI chip and optical communication industry chains, reflecting a strong investor preference for high-prosperity sectors

- As of market close, Hong Kong's three major indices rebounded, with the Hang Seng Index rising 2.81% to 25,821.88 points.  
- The technology hardware and communication equipment sectors saw significant gains, with notable individual stocks like Tensu ZhiXin up by 29.48%.  
- Investors are increasingly focused on macroeconomic indicators, affecting market structure and trading activity as they seek opportunities in sectors with high growth potential.

FIT HON TENG

NANFANG COMM

SMIC

Hong Kong Stocks Midday Review | HSI Surges 2.81% to Steady Above 25,000 Mark; Tech Hardware Strong Throughout the Day, ILUVATAR COREX Soars 29.48%

KUAISHOU-W disclosed its report, on April 2nd, repurchased 1.1 million shares on the Stock Exchange, with a price per share ranging from HKD 44.82 to 45.08, totaling approximately HKD 49.39 million. Since the ordinary resolution (June 19, 2025) was passed, the company has repurchased a total of 30.5119 million shares, accounting for 0.7122% of the share capital

KUAISHOU repurchased 1.1 million shares, involving an amount of 49.39 million yuan

CSC Financial has reaffirmed its Buy rating on Kuaishou Technology Class B (HKEX: 1024) with a price target of HK$71.20. This follows a similar Buy rating from Jefferies’s Thomas Chong on March 27. Conversely, Barclays maintained a Hold rating on the stock on March 25.

- CSC Financial has reiterated a Buy rating for Kuaishou Technology Class B, setting a price target of HK$71.20.  
- Additionally, Jefferies's Thomas Chong issued a Buy rating for the same stock on March 27.  
- Conversely, Barclays maintained a Hold rating on Kuaishou Technology Class B on March 25.

Tip Ranks

CSC Financial Reaffirms Their Buy Rating on Kuaishou Technology Class B (1024)

03033

Kuaishou Technology Class B (1024) has received a Buy rating from Orient Securities, with a price target of HK$68.49. The stock closed at HK$45.12. The analyst consensus is a Strong Buy, with an average target of HK$70.36, indicating a potential upside of 55.94%. Jefferies also maintains a Buy rating with a target of HK$82.00.

- Orient Securities has maintained a Buy rating on Kuaishou Technology Class B, setting a price target of HK$68.49, while shares closed at HK$45.12.  
- The analyst consensus remains a Strong Buy with an average price target of HK$70.36, indicating a potential upside of 55.94%.  
- Additionally, Jefferies also confirmed a Buy rating with a higher price target of HK$82.00 in a report released on March 27.

CSOP HS TECH

Kuaishou Technology Class B (1024) Receives a Buy from Orient Securities

00020

89888

00467

On March 31, the three major Hong Kong stock indices collectively closed lower. Market sentiment was significantly pressured by macroeconomic data fluctuations and external environmental factors, with the Hang Seng Tech Index plunging to a near two-week low. The market displayed a clear characteristic of "heavyweight retreat, thematic activity": influenced by oil price volatility and performance expectations, the oil and gas sector and leaders such as YOFC were among the top decliners, while heavyweight tech stocks like Tencent, BABA-W, and Xiaomi also generally weakened. Overall, the market lacks upward momentum in the short term, and investors are focusing on sector rotation and structural opportunities guided by macroeconomic indicators

- On March 31, Hong Kong's three major indices fell collectively, with the Hang Seng Index closing at 24,788.14, showing a slight increase of 0.15%.  
- The Hang Seng Tech Index plummeted 0.86% to 4,649.82, reaching a near two-week low due to negative sentiment in the tech sector, while the China Enterprises Index dropped 0.30%.  
- Key stocks like Tencent and Baidu showed minor gains, but major declines were observed in stocks such as Xiaomi and Alibaba, confirming market pressures amidst external economic fluctuations.

SENSETIME-W

BIDU-SWR

UNITEDENERGY GP

SYNAGISTICS

SEYOND

PATEO

CMON

C TRANSMISSION

RONGZUN INT’L H

BYD COMPANY

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend

Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

PHANCY

HORIZONROBOT-W

JST GROUP

COWELL

J&T EXPRESS-W

Asymchem

ZIJIN GOLD INTL

ZIJIN MINING

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

Guosheng Securities has reaffirmed its Buy rating for Kuaishou Technology Class B (HKEX: 1024) with a price target of HK$77.00. This follows a similar Buy rating from Jefferies analyst Thomas Chong. In contrast, Barclays has maintained a Hold rating for the stock.

- Guosheng Securities analyst maintained a Buy rating on Kuaishou Technology Class B with a price target of HK$77.00.  
- Jefferies’s Thomas Chong also gave a Buy rating on March 27, highlighting positive sentiment toward the stock.  
- Conversely, Barclays maintained a Hold rating on Kuaishou Technology Class B on March 25, indicating a more cautious perspective.

Guosheng Securities Sticks to Their Buy Rating for Kuaishou Technology Class B (1024)

BABA

02068

On March 30, intraday sentiment in the Hong Kong stock market was weak, with the three major indices collectively pulling back. The Hang Seng TECH Index fell by 2.90%. The internet, retail, and jewelry sectors led the market decline, with Tencent Holdings and Alibaba both dropping over 3%, and MEITU plunging over 8%. Despite the market pressure, CHALIECO rose nearly 20% against the trend. Market turnover was concentrated in technology heavyweight stocks, reflecting that funds remained active in trading amidst the adjustment

- As of March 30, Hong Kong stocks faced pressure, with major indices retreating amidst weak market sentiment.  
- The Hang Seng Index fell by 1.92% to 24,473.42, while the Hang Seng Tech Index dropped 2.90%, indicating a lack of upward momentum.  
- Investors are closely monitoring export and retail data, with macroeconomic pressures impacting market revaluation based on economic recovery pace and policy signals.

Market Heartbeat

Alibaba

CHALIECO

MNSO

CTG DUTY-FREE

CHOW TAI FOOK

CALB

JD-SW

AKESO

Hang Seng TECH Index

MEITU

Hong Kong Stocks Intraday | Hong Kong Stocks Slide Intraday; Tech Index Drops 2.90%, CHALIECO Rises Against the Trend

CSC Financial has reaffirmed its Buy rating for Kuaishou Technology Class B (HKEX: 1024) with a price target of HK$71.20. This follows a similar Buy rating from CMB International Securities. In contrast, Barclays has maintained a Hold rating on the stock.

- CSC Financial analysts have maintained a Buy rating on Kuaishou Technology Class B with a price target of HK$71.20.  
- CMB International Securities has also issued a Buy rating for Kuaishou Technology Class B.  
- Conversely, Barclays maintained a Hold rating on the stock just days prior.

CSC Financial Sticks to Its Buy Rating for Kuaishou Technology Class B (1024)

KUAISHOU-W disclosed its financial report, on March 27th, repurchased 1.075 million shares on the Stock Exchange at a price ranging from HKD 46.06 to 46.5 per share, with a total cost of approximately HKD 49.66 million. Since the approval of the ordinary resolution (June 19, 2025), the company has repurchased a total of 26.8673 million shares, accounting for 0.6272% of the share capital

KUAISHOU repurchased 1.075 million shares, involving an amount of 49.66 million yuan

Kuaishou

Hot topic

$KUAISHOU-W(01024.HK) sold off mainly on guidance from a small-group meeting (1Q26 &amp; 2026), which was broadly weak and fell well short of buy-side expectations. Management flagged pressure on top-line growth alongside higher investment, implying a sharp YoY decline in profit.1) Biggest drag: e-comm growth concerns — ads guided to low single-digit and GMV to stop being disclosed next year. Management now expects ad revenue growth of 8-9% in Q1 and 6-7% for the full year, a marked slowdown vs. 2025. While GMV will no longer be reported next year...

KUAISHOU-WR

ByteDance

Guide miss tanks shares; Is Kuaishou at $25bn a buy-the-dip?---

It’s good that the sustainable fuel tax is delayed amid this oil crisis. Hope the war will end by Oct.

Iran rejects United States ceasefire planOil volatility likely near-term. Markets typically price geopolitical risk quickly, then fade unless supply disruption occurs. Energy exposure = tactical hedge, not long-term thesis. Google KV cache compressionNegative sentiment for memory stocks short term, but AI demand still exploding structurally. Likely noise, not disruption to long-run DRAM growth. SpaceX possible IPOExtremely strong retail interest expected. Valuation will be key—great company doesn’t always mean great entry price. Prefer watching listing momentum first

NewUser_cDijAJJ

Apple

Dacai

Trump's going to lose this war. The more he talks means the more he's pretending it's going well.

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

CNOOC-R

Pony AI

PONY-W

Tesla

MEITUAN-WR

Stoneweg EUTrust EUR

Landmark REIT

BOYD Gaming

Apple Group

Alphabet - C

Alphabet

Meituan HK SDR 5to1

☕️ Daily Market Talk | March 26, 2026

Meituan

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

Stoneweg EUTrust SGD

Iran rejects US ceasefire plan — triggering increased oil volatility and exacerbating US dollar exchange rate fluctuations. Investment should still focus on hedging.

I believe US and IRAN are talking, it's just question of will they iron out their differences. Both have nothing to gain as the war continues...

The google report on memory stocks is classic Jevons paradox. Market perceives it as less memory needed= less demand. But the efficiency gains may actually expand AI use cases and total compute demand. Total demand might actually increase! Technically, if the recent lows hold, which they are despite the pull back, it can still be counted as the second wave of the fifth wave. So I am expecting a bounce pretty soon and a rally to new highs once smart money has collected enough.

Oil spikes on geopolitics tend to overshoot, and with fuel uncertainty still high, this is a pure volatility tradeAI demand is still compounding history shows innovation expands usage,not kills itSpaceX IPO will likely ride strong FOMO from both retail and institutions, but aggressive valuation and heavy capex mean discipline matters more than hypeVolatility trade,keep tight stop loss

SpaceX IPO definitely exciting. I’ve been following this company since many years ago, and finally Elon decided to take it public. It has shown its effect on all aerospace-related stocks.

SpaceX IPO at $75B+ valuation would be largest in years. But space infrastructure monetization still early stage

Conference Minutes

Below is Dolphin Research's Trans of Kuaishou's FY25 Q4 earnings call. For our take, see 'Kling Takes Off, Legacy Biz Delivers — Can Kuaishou Sustain an AI Re-rating?'. Key financials recap: 1) Shareholder returns — the BOD proposes a final dividend for the year ended Dec 31, 2025 of approx. HK$3.0bn; buybacks in 2025 total approx. HK$3.12bn (~56.78 mn shares, ~1.32% of shares outstanding), with a flexible approach to buybacks and dividends going forward...

Kuaishou (Trans): Ramp AI investment this year; flexible on buybacks and dividends

HUKUASO@EC2612C(28153.HK)

HUKUASO@EC2612C Stock Performance Chart

Hong Kong Stock Midday Review | Hang Seng Index slightly fell by 0.35%, technology sector performance varied, AI computing power rose against the trend, XunCe surged by 15.58%

S&P: KUAISHOU's free cash flow may be cut by more than half this year, with capital expenditures increasing by 70%

Hong Kong Stocks Close | HSI Surges 3.09% Back Above 25,800; Tech Hardware Leads Gains, Hang Seng Tech Index Soars Over 5%

Hong Kong Stocks Midday Review | HSI Surges 2.81% to Steady Above 25,000 Mark; Tech Hardware Strong Throughout the Day, ILUVATAR COREX Soars 29.48%

KUAISHOU repurchased 1.1 million shares, involving an amount of 49.39 million yuan