On July 13, Kuaishou-W rose 3.07% in regular trading, trading at HKD 44.34/share, with turnover of HKD 1.387 billion.

On the news front, the latest filings from the Hong Kong Stock Exchange revealed that JPMorgan acquired approximately 30.76 million shares of Kuaishou on July 7 at an average price of approximately HKD 41.57 per share, totaling approximately HKD 1.279 billion. Following the purchase, JPMorgan's stake rose to 6.34%. On the same day, Morgan Stanley's long position also surged from 2.38% to 6.21%. Additionally, the company has conducted share buybacks for three consecutive trading days since July 7, repurchasing a combined 8.35 million shares for approximately HKD 349 million, continuously signaling management confidence.

The dual catalyst of major institutional accumulation and sustained company buybacks has helped alleviate earlier selling pressure triggered by Tencent's reduction of its stake from 15.68% to 9.37%. Multiple brokerages including Morgan Stanley and Everbright Securities maintain Buy ratings, with Morgan Stanley noting that excluding Kling AI valuation, Kuaishou's core business trades at an implied P/E of only 3-4.3x.

(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.)