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<Research>UBS Tweaks Down KUAISHOU-W's TP to HKD95; 4Q Guidance Largely in Line
Recommend 9 Positive 14 Negative 7 |
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KUAISHOU-W (01024.HK) delivered satisfactory results for 3Q25, with advertising and e-commerce commission revenues above and operating expenses below expectations, UBS wrote in its research report. The company's 4Q25 guidance was largely in line with market forecasts. In terms of the AI business, Kling AI's 3Q25 revenue grew by over 20% QoQ to more than RMB300 million. UBS expects Kling AI's revenue to increase by 3% QoQ to RMB310 million in 4Q25. Considering KUAISHOU-W's reasonable valuation and buyback quota of HKD10 billion that could support the stock price, UBS tweaked down its target price for KUAISHOU-W from HKD95.37 to HKD95 but kept the Buy rating unchanged. AAStocks Financial News |
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