0604 GMT - Kuaishou Technology's earnings outlook appears positive, according to Nomura analysts in a research note. The analysts say they are impressed by the monetisation progress of Kuaishou's AI application Kling, which is an early mover in text/image-to-video segment. Kling generated CNY100 million in subscription revenue in 1Q, with management guiding to achieve over CNY700 million in revenue this year. Nomura upgrades its rating on Kuaishou to buy from neutral on a positive earnings outlook and undemanding valuation. The analysts also raise its target price to HK$63.00 from HK$55.00. Shares last traded at HK$53.50. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 02:04 ET (06:04 GMT)
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