UBKUASO@EP2611A

China Merchants Securities: Kuaishou Q1 2026 Results Beat Expectations, Maintains 'Overweight' Rating with Target Price of 64 HKD

ByteDance, Kuaishou, Alibaba and others accelerate AI video deployment, pushing technology from benchmarking to industrial production

Bank of China and DBS maintain 'Buy' rating on Kuaishou Tech Class B, set target prices at HKD 60 and 78 respectively

Nomura Cuts Kuaishou-W Target Price to 51 HKD, Maintains Neutral Rating

Kuaishou Technology Reports Q1 2026 Earnings: Revenue Slight Growth, Profit Slowing Sparks Market Debate

Kuaishou Releases Q1 2026 Earnings: Kling Drives Growth, Live Streaming Declines, Monthly Active Users Hit Record High

Kuaishou-W spends nearly 100 million HKD to repurchase 2.222 million shares

Morgan Stanley Raises Keling AI ARR Forecast to $1 Billion, Maintains Overweight Rating on Kuaishou

UBS: Kuaishou Q1 Results in Line, Kling Commercialization Shines, Raises Target Price to HKD 70

CICC Maintains Kuaishou-W Outperform Rating, Adjusts Valuation to SOTP Model, Sets Target Price at 72.8 HKD

Goldman Sachs cuts Kuaishou target price by 5.4% to HKD 60, maintains Buy rating

Daiwa Maintains Buy Rating on Kuaishou, Raises Target Price to 72 Yuan, Citing AI Contribution of 50% Valuation

Major Banks Adjust HK Stock Ratings: Kuaishou, Xiaomi Target Prices Change

Kuaishou Plans to Increase Shareholder Return to 4% in 2026 with Capital Expenditure of 26 Billion RMB

Kuaishou 2026 Q1 Earnings Call: AI Comic Marketing Spend Surges Over 100x YoY, Daily Peak Exceeds 20 Million CNY

KUAISHOU-W released FY2026 Q1 earnings on May 27 After-Market (BJT), actual revenue HKD 38.23 B (forecast HKD 37.9 B), actual EPS HKD 0.7482 (forecast HKD 0.6338)

Kuaishou Tech Releases Q1 Earnings: Revenue Beats Expectations, Kling AI Becomes Second Growth Curve

Kuaishou Q1 2026 Earnings Released: DAU Hits Record High of 413 Million

Kuaishou Q1 2026 Revenue at 33.716 Billion RMB, Up 3.4% YoY

Kuaishou Tech Q1 Adjusted Net Profit 3.37 Billion RMB Exceeds Expectations

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

01024

Bank of China analyst maintained a Buy rating on Kuaishou Technology Class B yesterday and set a price target of HK$60.00.Memorial Day Sale – Claim 70% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter In a report released today, DBS also maintained a Buy rating on the stock with a HK$78.00 price target.

- Bank of China analyst maintained a Buy rating on Kuaishou Technology Class B, setting a price target of HK$60.00.  
- DBS also kept a Buy rating on the stock, with a higher price target of HK$78.00.  
- These ratings suggest continued confidence in the company's market performance and potential growth.

Tip Ranks

KUAISHOU-W

BANK OF CHINA

KUAISHOU-WR

BOC HONG KONG

Bank of China

Bank Of China

Bank of China Keeps Their Buy Rating on Kuaishou Technology Class B (1024)

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.

- 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.

AASTOCKS News

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

Nomura has lowered its target price for KUAISHOU-Wfrom HKD57 to HKD51 while maintaining a Neutral rating. The report highlights operational challenges and a slowdown in core revenue growth, alongside significant investments in AI infrastructure impacting profit margins. Nomura expects gross margins to decline over the next few years, with capital expenditure guidance remaining at RMB26 billion for the year.

- Nomura's report on KUAISHOU-W highlights attractive long-term potential from Kling AI, but notes near-term operational challenges that could lead to earnings forecast cuts.  
- The management's conservative guidance for 2Q26 reflects a slowdown in core revenue growth, compounded by pressure on profit margins due to AI infrastructure investments.  
- The broker lowered the target price from HKD 57 to HKD 51 while keeping earnings forecasts largely unchanged and expects a decrease in gross margins through 2028.

Nomura

Nomura Holdings, Inc.

Nomura Cuts KUAISHOU-W  TP to HKD51, Maintains Neutral

KUAISHOU-W+0.620 (+1.381%) Short selling $525.13M; Ratio 17.800% repurchased 2.222 million shares on the Stock Exchange yesterday (28th), at prices ranging from HKD44.54 to HKD45.82 per share, involving approximately HKD100 million. Since the ordinary resolution was passed on 19 June 2025, the company has cumulatively repurchased 38.1613 million shares, representing 0.8908% of its share capital.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-28 16:25.)

- KUAISHOU-W (01024.HK) reported short selling of $525.13 million, with a ratio of 17.800%.  
- The company repurchased 2.222 million shares on May 28 at prices between HKD 44.54 and HKD 45.82, totaling approximately HKD 100 million.  
- Since the resolution passed on June 19, 2025, KUAISHOU-W has repurchased 38.1613 million shares, accounting for 0.8908% of its share capital.

KUAISHOU-W Splashes ~HKD100M on Share Buyback After Results

Kuaishou Technology (SEHK:1024) reported Q1 2026 revenue of CN¥33.7b and EPS of CN¥0.67, reflecting a slight increase from Q1 2025. The company has a trailing twelve-month net margin of 12.2%, with earnings growth slowing to 15.5%. While bulls cite AI and e-commerce as long-term growth drivers, skeptics point to slower forecast growth and rising costs. The stock trades at a P/E of 9.6x, below industry averages, raising questions about future profitability amid mixed market narratives.

- Kuaishou Technology reported Q1 2026 revenue of approximately CN¥33.7 billion with a basic EPS of CN¥0.67, showing growth from CN¥32.6 billion in Q1 2025.  
- The trailing twelve-month earnings were around CN¥17.5 billion, reflecting a net margin of 12.2%, while future growth is projected to slow to 3.6% for earnings and 6.1% for revenue.  
- The company's current P/E ratio is 9.6x, lower than industry averages, raising concerns about growth sustainability amid higher costs and competition.

Simplywall

Kuaishou Technology (SEHK:1024) Margin Progress Tests Bullish AI Profitability Narratives

CICC reported that KUAISHOU-Wachieved 1Q revenue growth of 3% YoY, meeting expectations, while non-IFRS net profit reached RMB3.37 billion, surpassing forecasts. The broker maintained its 2026/27 profit forecasts and reiterated an Outperform rating, adjusting the valuation methodology to SOTP segment valuation with a target price of HKD72.8.

- CICC reported that KUAISHOU-W (01024.HK) achieved a 3% YoY revenue growth in Q1, meeting expectations.  
- Non-IFRS net profit of RMB3.37 billion surpassed both broker and market forecasts, attributed to unexpected other net gains.  
- The broker maintained its profit forecasts and an Outperform rating, adjusting the valuation methodology to SOTP while keeping the target price at HKD 72.8.

CICC

CICC: KUAISHOU-W  1Q Revenue In Line; Profit Beats

HKUD

03033

520670

513770

513330

AASTOCKS Financial News reports on the latest investment ratings and target prices for KUAISHOU-Wfrom eight brokers. Ratings range from 'Buy' to 'Neutral' with target prices between HKD57 and HKD82. Key highlights include strong performance from Kling AI, with 1Q ARR around USD500 million, though some brokers have adjusted earnings forecasts due to macro pressures and increased AI spending.

- AASTOCKS Financial News reports on investment ratings and targets for KUAISHOU-W (01024.HK) from eight brokers, indicating mixed expectations amid e-commerce challenges.  
- Brokers like Citi and G Sachs maintain positive views, citing strong revenue from Kling AI, while others such as Nomura express caution due to slower advertising growth.  
- The overall sentiment suggests potential for growth driven by Kling AI, despite adjustments to earnings forecasts reflecting ongoing macro pressures.

Kuaishou HK SDR 5to1

CSOP HS TECH

Harvest Hang Seng SCHK Technology ETF

Hwabao CSI HK Equities Internet ETF

ChinaAMC Hang Seng Internet Technology Industry ETF(QDII)

Citigroup

Goldman Sachs

UBS Group AG

Daiwa Securities Group Inc.

Jefferies Financial

CITIGROUP INC 6.250 NON CUM SER II PFD WI

GS Hldg R

Brokers' Latest Ratings, TP and Views on KUAISHOU-W

Daiwa has raised its 12-month target price for KUAISHOU-Wfrom HKD63 to HKD72, citing clearer visibility in its AI business. Despite a 26% YoY drop in adjusted net profit due to AI costs, Kuaishou's revenue rose 3.4% YoY, exceeding expectations. The performance of Kling AI was particularly strong, with a revenue increase of over 300% YoY. However, core business challenges persist, leading Daiwa to lower its EPS forecasts for 2026-2027 by 5% to 8%.

- Daiwa's report on KUAISHOU-W (01024.HK) indicates 1Q26 results met market expectations, with revenue of RMB33.716 billion, a 3.4% YoY increase, despite a 26% YoY drop in adjusted net profit due to rising AI costs.  
- Notably, "Kling AI" generated RMB650 million in revenue, up over 300% YoY, with forecasts predicting its ARR could hit USD1.3 billion by 1Q27, supporting a potential spin-off listing.  
- Daiwa revised its 2026-2027 EPS forecasts down by 5% to 8% while raising Kuaishou's 12-month target price from HKD63 to HKD72, maintaining a Buy rating.

Daiwa Raises KUAISHOU-W  TP to HKD72; Clearer Visibility Drives AI Business Re-rating

UBS has raised its target price for KUAISHOU-W from HKD68 to HKD70, following a report that 1Q26 results met expectations. Key highlights include Kling's revenue growth of over 90% QoQ, reaching RMB650 million. Despite macro challenges, UBS maintains a positive outlook on KUAISHOU-W's strategy and valuation, while slightly trimming its 2026 adjusted net profit forecast by 3%. The broker continues to rate the stock as a Buy.

- UBS's research report indicates that KUAISHOU-W's 1Q26 results met expectations, with Kling's revenue showing a notable QoQ growth of over 90%.  
- The annualized recurring revenue for Kling approached USD 500 million, reflecting more than 4x YoY growth, despite a weak outlook for KUAISHOU-W's core business in 2Q26.  
- UBS has adjusted its 2026 adjusted net profit forecast down by 3% but raised the target price for KUAISHOU-W to HKD 70, maintaining a Buy rating.

UBS Raises KUAISHOU-W  TP to HKD70; 1Q26 Results In Line

KUAISHOU-Waims to raise shareholder yield to ~4% this year while maintaining positive free cash flow. CFO Jin Bing emphasized a prudent capital management strategy with a capital expenditure of RMB26 billion, primarily in 1H26. The company plans to reward shareholders through stable dividends and share buybacks, reflecting confidence in long-term prospects and cash flow generation.

- KUAISHOU-W (01024.HK) reports a short selling amount of $284.66M, with a ratio of 20.746%.  
- CFO Jin Bing indicated the company will maintain a capital expenditure of RMB26 billion without adjustments, focusing on safety and liquidity while aiming to enhance shareholder returns through dividends and buybacks.  
- Total shareholder returns in 2026 are expected to increase, raising the shareholder yield to approximately 4%, underlining confidence in the company's long-term prospects.

KUAISHOU-W Aims to Further Raise Shareholder Yield to ~4% This Yr, Maintain Positive FCF

Kuaishou core revenue only +3% but Kling AI +300%. the base business is mature but the AI product is growing fast enough to shift the revenue mix. if Kling can compound to USD 2B+ ARR by 2027, the valuation argument on $KUAISHOU-W(1024.HK) looks completely different. that's the bet 🧠

Kuaishou Q1: overall revenue +3%, Kling AI +300%, annualized ARR approaching USD 500M. this is the classic &#34;mature core, high-growth satellite&#34; structure. the short video business funds the AI moonshot while the market prices in the old multiple. the investment question is whether Kling can scale internationally against Sora and Runway — domestic competition is fierce too. it's a fascinating risk-reward setup if you believe Chinese AI products can break out globally.

OpenAI

AsiaStrategy

Kling AI going from zero to near USD 500M annualised ARR while nobody was watching. Chinese generative AI is not just catching up, it's monetising at a speed that's genuinely surprising. adding $KUAISHOU-W(1024.HK) to my watchlist tonight 🧧

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

Snowflake

NVIDIA

Meta Platforms

Wilmar

☕️ [Task Coins Giveaway] Daily Market Talk

Costco Wholesale

LI AUTO-W

Li Auto

XPENG-W

XPeng

Keppel

Koh Eco

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

I've been dismissing Kuaishou as a slow-growth short-video also-ran for a year and they quietly built an AI video product doing USD 500M ARR. I was very wrong, lah 😶‍🌫️

Kuaishou

Conference Minutes

The following is Dolphin Research's Trans of the $Kuaishou-W(01024.HK) 1Q26 earnings call. For our earnings analysis, cf. 'Kuaishou: Comeback rides on Keling'.I. Key earnings highlights recap1) Shareholder returns: In 2026 YTD, the company has repurchased approx. HKD 854 mn (about 17.96 mn shares, ~0.42% of shares outstanding). It maintains a full-year HKD 3 bn annual dividend plan. Total shareholder returns in 2026 (dividends + buybacks) are expected to increase vs. 2025, implying an overall shareholder yield of ~4%...

Kuaishou (Trans): Bullish on Kling outlook; shareholder yield lifted to 4% this year

$KUAISHOU-W(01024.HK) released its Q1 results after the Hong Kong close on May 27 (Beijing time). Overall, the quarter was broadly in line. The operating profit beat was driven by non-core other gains, which are unlikely to be sustainable.In short, the core biz remains under heavy pressure, leaving little to highlight. The key focus now is 'Kling', including its monetization and the progress toward a spin-off and listing.Specifically: 1) Kling was the only bright spot. Q1 Kling revenue reached RMB 650 mn (+330% YoY), above guidance of RMB 500 mn...

Kuaishou: Turnaround Hinges on 'Keling'

AI memory demand likely is a real multi-year super cycle driven by AI growth, but markets have already priced in much of the optimism, leaving mixed upside.

Micron Tech

Marvell Tech

Taiwan Semiconductor

Manulife Financial

NTES-S

Sandisk

AST SpaceMobile

SpaceX

Destiny Tech100

Rocket Lab

MANULIFE-S

NetEase

Kuaishou 1Q26 First Take: Results were broadly in line; the OP beat was mainly driven by other income unrelated to the core biz., which is not sustainable. 1) Revenue was RMB 33.7bn, up 3.4% YoY. This was slightly above the 2.5% guidance and market expectation. (1) Kolors was the bright spot, with Q1 revenue of RMB 650mn vs. RMB 500mn guided. ARR had reached $500mn as of Mar, and growth continued in Apr–May.Media had reported ARR could reach about $1.3bn by Q1 '27. Progress on a potential spin-off/IPO would have the largest impact on Kuaishou’s valuation, so watch for related disclosure on the call. (2) Growth in ads and commissions slowed, tied to pressure in the e-com biz. From this year, GMV is no longer disclosed; based on e-com revenue trends, take-rate changes and Street expectations, we estimate GMV growth at approx. 10%, a further slowdown vs. last year. 2) The user ecosystem expanded unexpectedly. Q1 user metrics were solid, likely boosted in the short term by CNY campaign programming. DAU rose 1.2% to 413mn, average time spent was said to be stable, but MAU accelerated by 5% (+31mn) to 770mn. These trends differ somewhat from third-party data. Listen for management’s detailed explanation of user growth on the call. 3) GPM fell 400bps QoQ, driven by AI compute investment and ad rev-share for IAA short dramas. Last quarter, management guided FY Capex of RMB 26bn (incl. PP&amp;E and ROU assets), up RMB 11bn YoY, largely for AI with Kolors taking most of the compute. On a 5-yr depreciation schedule, we estimate Capex alone trims FY GPM by roughly 1–2ppt. 4) Higher marketing spend, tighter headcount costs. Q1 S&amp;M rose 4% YoY, mainly on promotion/marketing, while sales employee costs fell 8%. G&amp;A declined 7.5%, reflecting team optimization; R&amp;D grew 10% with a clear deceleration, largely driven by bandwidth/server costs (+18%).$KUAISHOU-W(01024.HK) $KUAISHOU-WR(81024.HK)

Two of China's biggest consumer platforms drop Q1 2026 results today. PDD Holdings (Nasdaq: PDD) and Kuaishou (HKEX: $KUAISHOU-W(1024.HK)) are heading into very different earnings fights. Here's what I'm watching ...

PDD Holdings & Kuaishou Both Report Today: Two Earnings, Two Very Different Stories

the world's top 3 semicon memory heavyweights: SK hynix, Samsung elec &amp; micron. SK share price returns at 800% in a year so Micron has to catch up.

UBKUASO@EP2611A(29711.HK)

Bank of China Keeps Their Buy Rating on Kuaishou Technology Class B (1024)

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

Nomura Cuts KUAISHOU-W TP to HKD51, Maintains Neutral

KUAISHOU-W Splashes ~HKD100M on Share Buyback After Results

Kuaishou Technology (SEHK:1024) Margin Progress Tests Bullish AI Profitability Narratives