SG#KUASORC2610B

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

01024

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Kuaishou Earnings Call: AI Bets Drive Next Phase

Tip Ranks

KUAISHOU-W

Harvest Hang Seng SCHK Technology ETF

Yinhua MSCI China A ETF

Hwabao CSI HK Equities Internet ETF

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)

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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."

AASTOCKS

CSOP HS TECH

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.

Market Heartbeat

TENCENT

HAIDILAO

MEITUAN

JD-SW

BEONE MEDICINES

BIDU-SW

TIANQI LITHIUM

LI AUTO-W

SENSETIME-W

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

JP Morgan downgraded KUAISHOU-W's investment rating from "Overweight" to "Neutral," with a target price reduced from HKD 89 to HKD 48. It is expected that core revenue growth will slow down in the next six months, and net profit will decline by 20% in 2026. The main reasons include e-commerce regulation, weak consumer sentiment, and intensified competition. The management plans to increase capital expenditure from RMB 14 billion in 2025 to RMB 26 billion, focusing on AI development

JP Morgan lowers KUAISHOU-W target price to 48 yuan and downgrades rating to "Neutral"

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On March 27th, during intraday trading of Hong Kong stocks, the three major indices maintained a narrow range of fluctuations and have not yet broken through the peak level reached on March 25th. In terms of sectors, retail stocks performed steadily, while the internet and catering sectors showed divergent trends. MAO GEPING rose over 11%, leading the popular stocks, with Tencent and Meituan having high trading volumes, and the overall market sentiment remained cautious

- On March 27, during trading, Hong Kong's three major indices saw slight increases, maintaining a fluctuating trend.  
- The Hang Seng Index reported 24,860.82, up 0.02%, yet failed to reach new highs from March 25, while retail sectors showed slight gains due to stable consumer demand.  
- The macroeconomic context remains focused on trade data and unemployment rates, with expectations of policy support rising as investors seek clearer recovery signals.

POP MART

CTG DUTY-FREE

MAO GEPING

CHIFENG GOLD

MircroPort Medbot-B

Hong Kong stock market intraday | The Hang Seng Index rose slightly, the retail sector strengthened, MAO GEPING rose 11.56%

CITIC Securities International released a research report, expecting KUAISHOU-W's total revenue in Q4 2025 to grow by 12% year-on-year, exceeding market expectations. Advertising revenue is expected to grow by 15%, e-commerce GMV by 13%, and other revenue by 28%. The firm has lowered KUAISHOU-W's revenue forecasts for the next two years by 4% and 5%, and non-GAAP net profit forecasts by 26% and 30%, due to the company's increased investment in AI and other businesses. The target price has been lowered from HKD 100 to HKD 76, with a rating maintained at "Buy."

According to "The Big Firms," CMB International pointed out that KUAISHOU-W's short-term investment enhances long-term competitiveness, but lowered the target price to 76 yuan

CMB International lowered KUAISHOU's target price to 80 yuan, mainly due to increased AI investments affecting short-term profit margins. KUAISHOU's revenue in the fourth quarter of last year grew by 12% year-on-year to 39.6 billion yuan, with adjusted net profit increasing by 16% to 5.5 billion yuan, both exceeding expectations. Revenue and net profit are expected to grow by 13% and 17%, respectively, in 2025. The revenue growth rate is expected to slow to 4% in 2026, affected by adjustments in the live streaming business and overseas challenges. Despite short-term profit margins being under pressure, AI investments are expected to drive long-term growth, maintaining a "Buy" rating

CITIC International lowered KUAISHOU-W's target price to 80 yuan. AI investment has a short-term impact on profit margins

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36Kr learned that the Hang Seng Index opened down 0.35%, and the Hang Seng Tech Index fell 0.44%; the semiconductor and technology sectors led the decline, with Zhaoyi Innovation down over 4%, SMIC and Hua Hong Semiconductor down nearly 2%, and Baidu and KUAISHOU down over 1%; the electrical equipment and automotive sectors saw the largest gains, with VPOWER GROUP up over 6%, BYD Company Limited up over 2%, and CATL up over 1%

36Kr

ICBCCS CNI HK Connect Technology ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI Computer Theme ETF

VPOWER GROUP

Hua Hong

ISHRS S&P Glb It

CATL

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

BYD Company Limited

Guotai CSI 800 Automobile and Parts ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC CSI Auto Components Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Ping An CSI Auto Components Thematic ETF

HFT CSI Auto Components Thematic ETF

iShares Semiconductor ETF

SMIC

Baidu

The Hang Seng Index opened down 0.35%, and the Hang Seng Tech Index fell 0.44%

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In the Hong Kong Stock Connect, CNOOC had a net inflow of HKD 1.099 billion, while KUAISHOU-W and Changfang had net inflows of HKD 911 million and HKD 711 million, respectively. Alibaba, SMIC, and Pop Mart had net outflows of HKD 998 million, HKD 523 million, and HKD 89.46 million, respectively. In the Hong Kong Stock Connect (Shanghai), KUAISHOU-W had a net inflow of HKD 931 million, while SMIC had a net outflow of HKD 396 million; in the Hong Kong Stock Connect (Shenzhen), the Tracker Fund had a net inflow of HKD 1.376 billion, and Alibaba had a net outflow of HKD 1.299 billion. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 117.155 billion, accounting for 44.77% of the total market transaction amount

CNOOC

Net inflow of CNOOC in Hong Kong Stock Connect is HKD 1.099 billion

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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...

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

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Hong Kong stocks fell today, with the Hang Seng Index closing at 24,856 points, down 479 points or 1.9%. Some stocks, such as China Life and KUAISHOU-W, saw their prices drop after earnings announcements, while POP MART fell by 10.5%. The market is focused on the possibility of a ceasefire agreement between the United States and Iran, with the Dow Jones and Nasdaq slightly up. Northbound trading recorded a net inflow of 3.34 billion yuan, with a total transaction volume of 261.662 billion yuan

CHINA LIFE

Hang Seng Index

China Life

ISHARESHSI

CSOP HSI ETF

"Market Review" Hong Kong stocks fall below 25,000; KUAISHOU-W, China Life, and POP MART face selling pressure

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CHERVON(02285) fell 23.37%, with a trading turnover 172.2 Million HKD, and a year-to-date fell 18.5%. DPC DASH(01405) fell 18.73%, with a trading turnover 140.4 Million HKD, and a year-to-date fell 29.2%. KUAISHOU-W(01024) fell 14.04%, with a trading turnover 9.1 Billion HKD, and a year-to-date fell 28.7%.

Top Gainers & Losers

CHERVON

DPC DASH

WANKA ONLINE

JIAXIN INTL RES

HAIZHI TECH GP

51WORLD

SHENZHEN INT'L

SEYOND

Top 10 HK Stock Losers (3.26)

Kuaishou

Hot topic

KUAISHOU-WR

ByteDance

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

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

Apple

MEITUAN-WR

BYD COMPANY

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

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.

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

SG#KUASORC2610B(68536.HK)

SG#KUASORC2610B Stock Performance Chart

Kuaishou Earnings Call: AI Bets Drive Next Phase

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

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

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

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