Movement Alert｜KUAISHOU-W Falls 3.48% in Regular Trading, Interactive Media Sector Weakness Compounded by Tencent Stake Reduction and Earnings Pressure

Market Focus07-24

On July 24, KUAISHOU-W fell 3.48% in regular trading, trading at HKD 41.8/share, with turnover of HKD 272 million.

On the news front, the Interactive Media & Services sector extended its recent weakness, with sector peers Tencent down 2.07%, Baidu down 2.34%, and Bilibili down 1.94%, creating broad-based selling pressure on KUAISHOU-W. Additionally, Tencent recently reduced its stake in Kuaishou from 15.68% to 9.37%, exiting as a major shareholder under Hong Kong listing rules, which weighed on market confidence.

From a fundamental perspective, the company's Q1 earnings reported a 27.02% year-over-year decline in net profit attributable to shareholders, with gross margin falling from 54.6% to 51.2%, constraining near-term valuation recovery. While the Kling AI unit completed a financing round at a USD 18 billion valuation and the company continues its share buyback program, the confluence of sector-wide weakness, major shareholder divestiture, and deteriorating earnings has sustained downward pressure on the stock.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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