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Daily active users 0.4 billion, Kleen AI revenue surpasses tens of millions! Kuaishou CEO Chen Yixiao: will explore diverse monetization methods.
AI has been a key focus of Kuaishou in recent years. The large AI video model of Kuaishou has been available since June this year, serving over 5 million users, generating a total of 51 million videos, and over 0.15 billion images.
Kuaishou spent 0.162 billion Hong Kong dollars on November 21 to buy back 3.452 million shares.
Kuaishou-W (01024.HK) announced on November 21st that it spent 0.162 billion Hong Kong dollars to repurchase 3.452 million shares on November 21st, with a repurchase price of 46.05-49.75 Hong Kong dollars per share.
The Hong Kong Stock Connect Kuaishou - W had an inflow of 0.634 billion Hong Kong dollars.
Northbound capital inflow into Kuaishou-W (01024.HK), Alibaba (09988.HK), and CNOOC (00883.HK) reached 0.634 billion HKD, 0.424 billion HKD, and 18.87 million HKD respectively. Northbound capital outflow from Sunac (01918.HK), Xiaomi Group (01810.HK), and Kingsoft Cloud (03896.HK) reached 0.163 billion HKD, 19.74 million HKD, and 14.99 million HKD respectively. The highest net inflow of funds into active stocks in the Hong Kong Stock Connect (Shanghai) was Kuaishou-W (01024.HK) at 0.7 billion HKD, while the highest capital ...
Jefferies Adjusts Kuaishou Technology's Price Target to HK$80 From HK$78, Keeps at Buy
Futu Securities: Upgrade Kuaishou-W to a "buy" rating, with the target price raised to HK$80.
Futu Securities released a research report stating that the target price of Kuaishou-W (01024) was raised by 2.6%, from 78 Hong Kong dollars to 80 Hong Kong dollars, with a 'buy' rating. Kuaishou's third-quarter adjusted profit increased by 24% year-on-year to 3.95 billion yuan, basically meeting expectations, and exceeding the bank's expectations. The bank believes that if divided by business, the growth of Kuaishou's commodity trading volume is expected to be in the fourth quarter of this year, which is likely to meet market expectations. It also believes that the growth of active merchants and consumer merchants remains strong, external advertising revenue is expected to benefit from the rapid growth trend of short videos, and the gross margin will continue to expand, with a forecast increase to 54% in the fourth quarter, leading to adjusted profit growth.
UBS Group slightly lowered Kuaishou's (01024.HK) target price to 76.4 yuan, in line with expectations for third-quarter performance and fourth-quarter outlook.
The ubs group research report indicates that Kuaishou (01024.HK) achieved revenue and net profit in the third quarter in line with expectations, and the outlook for the fourth quarter also aligns with sell-side market expectations. Market expectations for the fourth quarter e-commerce business have improved due to the announcement of Double Eleven. Management confirmed the strong performance of Double Eleven but pointed out that this has somewhat eroded the transaction value of commodities in October and December. The bank maintains its forecast for a 14% year-on-year increase in commodity transaction value for the fourth quarter. As for advertising, the bank expects external advertising growth of 40% this fourth quarter and 20% next year. Additionally, the gross profit forecast has been lowered; however, a yearly increase of 1 to 2 is still anticipated.
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