KUAISHOU-W (01024) rose more than 15% at one point during trading, China's AI technology stocks welcome value reassessment.

On February 13th, KUAISHOU-W (01024) showed significant movement in the midday trading, with the stock price soaring to a high of 54.2 Hong Kong dollars, an increase of 15.93%. By the close of trading, Kuaishou's stock price had risen by 6.31% to 49.7 Hong Kong dollars per share. Currently, the global AI industry landscape is undergoing a profound adjustment, with Chinese AI companies like DeepSeek making technological breakthroughs and innovations, gaining recognition in international competition, and sparking a reassessment of Chinese AI assets by global investors. Goldman Sachs released a report stating that the rise of DeepSeek provides a value reassessment opportunity for Chinese tech stocks, maintaining an overweight rating for the MSCI China Index, and expecting a 14% increase in the index this year. Several foreign investment institutions have also expressed that the success of Chinese companies in AI technology has made the world reevaluate China's innovation capabilities, with international investors expected to increase their allocation to Chinese assets in the future. In this wave of AI asset reassessment, Kuaishou has become a hot target for Chinese tech stocks after Alibaba, thanks to its leading position in the field of large model video generation with KeLin AI. China Securities Co., Ltd.'s latest analysis pointed out that KeLin AI, as a representative of domestic multimodal models, has surpassed overseas models in key dimensions like performance and cost-effectiveness. In terms of performance, according to a Google Veo2 technology report, KeLin has outperformed Sora in evaluations and demonstrated powerful capabilities in handling complex tasks, providing users with better quality and more efficient services. From a technological innovation perspective, KeLin AI has recently launched new features such as "multi-image reference," "creative effects," and "controllable image generation," continuously enriching user creative experiences, meeting diverse creative needs, and enhancing its technological barriers in the field of AI creative productivity platforms. During the Spring Festival, the AI special effects function launched by KeLin AI went viral across the internet, driving rapid user growth. Market views believe that as AI technology moves from concept to practical application, products like KeLin AI that can continuously iterate innovation and provide high-quality and highly usable solutions will play an increasingly important role in the market. Currently, the valuation of Chinese Internet companies is basically not based on AI expectations. From a dynamic P/E ratio system perspective, domestic Internet companies such as Tencent and Kuaishou are calculated based on this year's P/E ratio / this year's profit growth rate to have PEG (dynamic P/E ratio) of 0.96 times and 0.35 times respectively, while the same PEG for Meta and Alphabet on the same basis is 2.38 times and 1.93 times. Kuaishou is also in a similar situation, where in the past, its valuation did not take into account the value of KeLin AI. Looking overseas, the valuation range of multimodal model companies is mostly between 20 to 70 billion RMB. According to media reports from CB Insights and Z Finance, the latest valuations of Runway and Midjourney have reached 4 billion USD and 10 billion USD respectively. Now, the value of Chinese AI assets is at a critical reassessment period. With a stable main business development, Kuaishou, with its outstanding performance in the AI field with KeLin AI, may encounter an excellent opportunity for valuation repair, with several securities firms recently releasing reports recommending a focus on Kuaishou.