0829 GMT - Kuaishou Technology's 4Q earnings met expectations, with investors interested in its artificial intelligence initiative, Morningstar senior equity analyst Ivan Su writes in a note. Its 4Q revenue grew 9% on-year, supported by a 13% increase in advertising revenue, Su says. Kuaishou's AI initiative, led by Kling, a large video generation model, has attracted investors' attention. Since its monetization in the 4Q through February, Kling has already generated CNY100 million in revenue, Su says. Morningstar maintains its HK$70 per share fair value estimate for no-moat Kuaishou, viewing its shares as undervalued, the analyst adds. Shares last at HK$56.60. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 27, 2025 04:30 ET (08:30 GMT)
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