News for Kuaishou Technology (1024.HK)

The U.S. carrier kept its original earnings forecast, provided in January, but issued new figures for a recession scenario.

Asian equities rebounded except for Mainland China and India as President Trump appeared to soften his tariff talk, though folks might be getting tariff PTSD or started to ignore it.

Asian stocks were higher today except for Hong Kong, following President Trump's stating that countries that import Venezuelan oil could be hit with 25% tariffs, which is an unsubtle code for China.

Asian equities were mixed overnight in a quiet session following Friday’s global index rebalance and the expiration of US futures and options. Hong Kong and India, which has picked up recently after its correction, outperformed while the Philippines and Indonesia underperformed.

Yes. The #1 rule of investing is diversification. It’s not a bad idea at all to consider investing a little (e.g. 2% — 5%) of your portfolio in the Chinese technology sector. It has done relatively…

Kuaishou's (KUASF) net profit margin has the potential to more than double from 9.1% in FY 2023 to over 20% in the long term. See why I rate the stock a hold.

Asian equities had a strong day except for Hong Kong and Mainland China, which experienced light volumes and profit-taking following recent outperformance.

Key Takeaways: Yalla has been building its reputation as a Middle Eastern gaming powerhouse through a recent series of high-profile events The company is trying to prepare the ground for its next growth phase as it looks to enter mid- and hardcore games through self-development and partnerships By Doug Young

Click here for analysis of Kuaishou's revenue growth from China's e-commerce festival, with a Hold rating based on short-term uncertainty and long-term potential.

Key Takeaways: NIP Group has filed to list in New York, in a deal that could value it at around $250 million The company’s revenue grew 27% last year, though that figure could be inflated due to a weak year-ago comparison in 2022 when e-sports took a hit during China’s pandemic By Doug Young

Key Takeaways: Weibo’s first-quarter revenue fell 4%, hit by declining income from advertising and value-added services The company is banking on the Olympics and summer vacations to boost revenues later in the year By Fai Pui

Kuaishou's net income surpasses estimates by 40%; shares target raised by Mizuho

Asian equities were mixed overnight in anticipation of Nvidia’s financial results tonight, as Taiwan outperformed and Japan underperformed. Malaysia, Singapore, and Thailand were closed for Vesak Day, which, according to Microsoft'sMSFT Copilot, is the most important Buddhist festival.

Ximalaya has filed to list in Hong Kong after reportedly being pressured by Chinese government officials to withdraw an earlier U.S. IPO application in 2021.

Earnings call: Kuaishou Technology reports record growth in Q4

Real estate stocks gained +2.65% in Mainland China and +1.81% in Hong Kong as about fifty real estate developers were recognized by policymakers to facilitate financing.

Key Takeaways: Weimob plans to raise 1.6 billion yuan by issuing new shares, and will used the funds on a series of growth initiatives aimed at jumpstarting its business Management expects the company to break even in the second half of this year, with revenue growing 20% to 30% for all of 2023 By Trevor Mo

Weimob plans to raise HK$1.6 billion by issuing new shares and will use the funds on a series of growth initiatives aimed at jumpstarting its business. Find out more here.

Key Takeaways: The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days