Hengke shows strong continuous gains, Kuaishou-W5 daily increase reaches 27.4%
Kuaishou's cumulative increase reached 27.4% last week, leading the Hang Seng Technology Index. Recently, southbound funds have been continuously increasing their holdings in Hong Kong stocks, boosting the positive sentiment in the market. On April 26, southbound funds net bought HKD 1.174 billion, marking the 20th consecutive trading day of net buying by southbound funds. Kuaishou's e-commerce ecosystem continues to improve, with refined operational strategies based on industry attributes and continuous enhancement of marketing product capabilities. The valuation has upward elasticity, maintaining a "buy" rating with a target price of HKD 89.1. During the auto show, Kuaishou's commercialization team held an automotive industry summit, and the short video live streaming platform has become a new infrastructure for automotive circulation
According to the VETECONOMIC APP, with the release of favorable policies, Southbound funds have been continuously increasing their holdings in Hong Kong stocks recently. Last week, HengTen Index rose for 5 consecutive days, accumulating a 13% increase. On April 26th alone, Kuaishou-W (01024) surged over 7%, Meituan-W (03690) rose by 3.6%, and JD.com Group-SW (09618) increased by 5.7%.
Recently, the China Securities Regulatory Commission announced five measures for cooperation with Hong Kong, which will help provide incremental funds to the Hong Kong stock market, enhance the medium to long-term liquidity of Hong Kong stocks, and improve financing attractiveness. Under this influence, Southbound funds have been continuously increasing their holdings in Hong Kong stocks, boosting positive market sentiment.
On April 26th, Southbound funds net bought 1.174 billion Hong Kong dollars, marking the 20th consecutive trading day of net buying by Southbound funds. As of the closing that day, among the targets bought by Southbound funds, China Bank, Kuaishou, and Hong Kong Exchanges and Clearing ranked top three in terms of net buying amount. Year-to-date, the cumulative net buying amount of Southbound funds has increased to 207.4 billion Hong Kong dollars. CITIC Securities' research report analyzed that the significant growth of Southbound funds recently further consolidated the upward trend of Hong Kong stocks.
It is worth noting that Kuaishou's cumulative increase last week reached 27.4%, leading the Hang Seng Technology Index.
During the recently concluded 24-year Kuaishou "3.8 Shopping Festival," platform order volume increased by 28% year-on-year, and GMV of the overall shelf area increased by 145% year-on-year. Industry analysis points out that major promotions, overall shelf area, and brand live streaming are expected to drive continuous growth of Kuaishou's e-commerce GMV throughout the year.
Guotai Junan Securities released a preview of Kuaishou's performance, stating that the continuous improvement of Kuaishou's e-commerce ecosystem has strengthened merchants' willingness to invest. Based on the industry's refined operational strategy and continuous improvement in marketing product capabilities, the recovery trend of external circulation effect advertisements is expected to be maintained. The valuation has upward elasticity, maintaining a "buy" rating with a target price of 89.1 Hong Kong dollars.
On the news front, Kuaishou's commercial team held an automotive industry summit during the Beijing Auto Show. The person in charge mentioned that short video live streaming platforms have become a new infrastructure for automobile circulation, and OEMs' terminal operations are further penetrating into Kuaishou. Data shows that as of the first quarter of this year, over 120 automotive brands and 26,000 dealer accounts have joined Kuaishou, with a cumulative private domain scale of 140 million