On July 10, Kuaishou-W rose 4.47% in regular trading, trading at HK$43.96 per share, with turnover of HK$651 million.
The rally was driven by the company's sustained share repurchase program and ongoing market reassessment of its Kling AI asset valuation. Kuaishou repurchased approximately 2.355 million shares on July 9 for HK$99.99 million, following buybacks of HK$199 million and HK$49.96 million on July 7 and 8 respectively, signaling management confidence.
Multiple institutions maintained Buy ratings. Morgan Stanley noted that after excluding Kling AI's US$18 billion post-money valuation, Kuaishou's core business carries an implied P/E of only 3 to 4.3 times, deemed highly attractive. Everbright Securities maintained a target price of HK$68.25. The positive sentiment from Kling AI's landmark US$3 billion financing round continues to be digested, with markets increasingly accepting the logic that independent AI asset pricing could lift the group's valuation ceiling, while Tencent's recent divestiture-related selling pressure shows signs of easing.
(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.)
Comments