On May 29, Kuaishou-W rose 3.52% in regular trading, trading at HK$46.48/share, with trading volume of HK$1.633 billion. The rally follows Q1 earnings released on May 27 and a wave of bullish analyst upgrades.

Kuaishou's Q1 results revealed Kling AI as the standout performer, generating over RMB 650 million in revenue with year-over-year growth exceeding 300%. The annualized revenue run-rate (ARR) reached nearly US$5 billion by March, a fourfold increase from US$1 billion a year earlier, far surpassing prior management guidance. Multiple investment banks subsequently raised their target prices: UBS lifted its target to HK$70 citing accelerating Kling monetization; Daiwa raised to HK$72 noting Kling AI could contribute approximately 50% of group valuation under a sum-of-the-parts framework; Morgan Stanley raised its year-end ARR forecast for Kling to US$1 billion while maintaining an HK$65 target. CICC maintained its HK$72.8 target, noting the company's structural business transformation.

However, overall profitability remained under pressure, with adjusted net profit declining 26% year-over-year to RMB 3.37 billion amid rising AI-related capital expenditure, while livestreaming revenue fell 13.5%. The company also repurchased approximately HK$100 million in shares on May 28, signaling management confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)