Movement Alert|KUAISHOU-W Rises 3.05% in Regular Trading, Interactive Media Sector Rebounds as BofA Reiterates Buy Rating

Market Focus
Sep 04

On September 4, KUAISHOU-W rose 3.05% in regular trading, trading at 33.9 HKD/share, with turnover of approximately 245 million HKD. The stock rebounded after two consecutive sessions of pullback following the Keling AI national fund investment-driven rally on September 1.

On the news front, Bank of America Securities recently reiterated its \"Buy\" rating on KUAISHOU-W with a target price of 53 HKD, noting that Keling AI's post-investment valuation has reached USD 18 billion while KUAISHOU-W's current market capitalization implies an approximately 25% discount, presenting an attractive risk-reward profile. Meanwhile, the broader Interactive Media sector staged a collective rebound, with MEITU up 5.24%, BIDU-W up 4.32%, BILIBILI-W up 2.42%, and TENCENT up 2.17%, reflecting a notable recovery in sector sentiment.

Additionally, the company continued its buyback program, repurchasing a combined approximately 900,000 shares on September 2 and September 3 for a total of nearly 30 million HKD, providing further price support. Fundamentally, Keling AI generated over 850 million yuan in Q2 revenue with year-over-year growth exceeding 200%, though the core business faces margin pressure with adjusted net profit declining 30.3% year-over-year.

(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.)

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