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| HSI1 | 23,350.03 | +295.00 | 304.95B |
| HSCEI1 | 7,699.76 | +87.28 | 86.75B |
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2026-07-02 15:42:56 Despite positive market talks surrounding the potential spin-off and accelerated commercialization of KUAISHOU-W (01024.HK)'s Kling AI, the company's share price has remained subdued, reflecting weak sentiment toward Chinese internet stocks as well as softer advertising and e-commerce trends in 2Q, UOB Kay Hian's research report said. The broker broadly maintained its earnings forecasts for KUAISHOU-W for 2026, and expected Kling AI's ARR to elevate from USD100 million in 1Q25 to around USD1 billion in 4Q26. In addition, higher AI capex and R&D investment may continue to weigh on the company's earnings and FCF in the short term. However, Kling AI's rapidly growing ARR and gross margin indicate improving commercialization progress and support visibility for its medium-term ROI. The broker maintained its Buy rating on the company and kept its target price at HKD82. ~ AASTOCKS Financial News Website: www.aastocks.com | |