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

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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.

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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.

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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

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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.

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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.

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

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

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

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

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

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