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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.

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

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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.

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

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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.

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ZIJIN GOLD INTL

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MEITUAN

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)

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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.

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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

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

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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.

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

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Kuaishou Earnings Call: AI Bets Drive Next Phase

Yinhua MSCI China A ETF

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ChinaAMC Hang Seng Internet Technology Industry ETF(QDII)

Kuaishou Earnings Call: AI Bets Drive Next Phase

Barclays analyst Jiong Shao has maintained a Hold rating on Kuaishou Technology Class B as of March 25, with a price target set at $8.00. The analyst covers the Consumer Cyclical sector and has an average return of 6.3% with a 43.95% success rate. Kuaishou Technology Class B has a Strong Buy consensus among analysts, with a higher price target consensus of $9.71.

- Barclays analyst Jiong Shao has maintained a Hold rating on Kuaishou Technology Class B while setting a price target of $8.00.  
- Shao, who focuses on the Consumer Cyclical sector, has an average return of 6.3% and a 43.95% success rate on recommended stocks.  
- Kuaishou Technology Class B currently holds a Strong Buy consensus among analysts, with a price target consensus of $9.71.

Barclays Sticks to Its Hold Rating for Kuaishou Technology Class B (1024)

Haitong International released a research report, pointing out that KUAISHOU's total revenue last year increased by 12% year-on-year to RMB 39.6 billion, and its non-GAAP net profit grew by 16% to RMB 5.5 billion. To seize opportunities in artificial intelligence, KUAISHOU has increased its capital expenditure budget, expecting an adjusted net profit of RMB 171 million for the fiscal year 2026, with a profit margin of 11%. Haitong International maintains a target price of HKD 74 for KUAISHOU, with a rating of "Outperform."

Haitong International: KUAISHOU increases capital expenditure to capture AI opportunities, rating 'Outperform the Market'

UBS lowered the target price for KUAISHOU-W to 68 yuan and reduced the earnings per share forecast for 2026 to 2028 by 32% to 34%. The bank believes that KUAISHOU's performance in the fourth quarter of last year met expectations, but due to macroeconomic uncertainties, rising AI investments, and regulatory pressures, the short-term forecast has been adjusted downward. Nevertheless, UBS maintains a "Buy" rating, believing that negative factors have been largely reflected and that KUAISHOU is undervalued in the AI industry

UBS cuts KUAISHOU-W target price to 68 yuan, lowering 2026 earnings per share estimate by 32% to 34%

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As of noon, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index approaching the 24,993-point mark and the Hang Seng Tech Index returning above 4,811 points. Market sentiment is relatively stable, with heavyweight and tech stocks resonating upward. In terms of sectors, the restaurant and retail industries performed strongly, with Haidilao leading the midday gains at 6.47%, and core assets such as Meituan and BYD leading in trading volume. Investors are closely monitoring macroeconomic data and performance guidance from core sectors, with overall market trading remaining active

- As of March 27, 2026, Hong Kong’s stock market indices showed positive movement, with the Hang Seng Index at 24,993.64, up 0.55%.  
- Notable performances included Haidilao, which rose 6.47%, reflecting recovering demand in the restaurant sector, while macroeconomic indicators are drawing investor focus.  
- The trading volume highlighted major players, including Meituan and Tencent, with respective figures of 62.41 billion HKD and 59.09 billion HKD amid mixed sector performance.

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TIANQI LITHIUM

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Hong Kong Stock Midday Review | Hang Seng Index Approaches 25,000 Points, Strong Performance in Dining Retail with Haidilao Up 6.47%

Daiwa Research has lowered KUAISHOU's target price to 63 yuan due to pressure on traditional business and increased AI investments. Revenue growth for 2026 is revised down from 8% to 4%, and adjusted net profit forecasts are reduced from 25 billion yuan to 17 billion yuan. Despite the challenging outlook, AI remains a key factor, maintaining a "Buy" rating. Earnings per share forecast is lowered by approximately 30% to 31%

Daiwa downgraded KUAISHOU's target price to 63 yuan as traditional business faces pressure and AI investment increases

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$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...

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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

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

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☕️ Daily Market Talk | March 26, 2026

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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.

wondering how much is SpaceX ipo price. hope to join into bandwagon

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

HS#KUASORC2611B(62337.HK)

HS#KUASORC2611B Stock Performance Chart

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

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

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

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