Kuaishou's Shares Are Undervalued, Morningstar Says -- Market Talk

Dow Jones

2025/07/14

0334 GMT - Kuaishou Technology's increased revenues should drive meaningful margin expansion given the platform's high fixed-cost structure, Morningstar analyst Ivan Su writes in a note. The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that Tencent's video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. Shares were last at HK$64.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 13, 2025 23:34 ET (03:34 GMT)

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The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that <a href=\"https://laohu8.com/S/TCEHY\">Tencent</a>'s video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. Shares were last at HK$64.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2025 23:34 ET (03:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kuaishou's Shares Are Undervalued, Morningstar Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKuaishou's Shares Are Undervalued, Morningstar Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-14 11:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0334 GMT - <a href=\"https://laohu8.com/S/KSHTY\">Kuaishou Technology</a>'s increased revenues should drive meaningful margin expansion given the platform's high fixed-cost structure, <a href=\"https://laohu8.com/S/MORN\">Morningstar</a> analyst Ivan Su writes in a note. The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that <a href=\"https://laohu8.com/S/TCEHY\">Tencent</a>'s video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. Shares were last at HK$64.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2025 23:34 ET (03:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1303224171.USD","symbol_name":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551973971","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551973971","pubTimestamp":1752464040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0334 GMT - Kuaishou Technology's increased revenues should drive meaningful margin expansion given the platform's high fixed-cost structure, Morningstar analyst Ivan Su writes in a note. The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that Tencent's video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. 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The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that Tencent's video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. Shares were last at HK$64.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 13, 2025 23:34 ET (03:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}