Citigroup: maintains a "buy" rating on KUAISHOU-W (01024) with a target price of HK$67.

Citibank released a research report saying it maintains a "buy" rating on KUAISHOU-W (01024) with a target price of 67 Hong Kong dollars. Kuaishou's stock price rose by over 13% on Thursday (6th), and the bank believes it may benefit from the Chinese government's commitment to support artificial intelligence in this year's government work report, as well as central officials mentioning the "Gelingda model" at a press conference. Citibank noted that the Gelingda model ranks among the top in global video generation models and has shown good growth momentum in terms of global and domestic professional and enterprise user base. The bank believes that the application potential of artificial intelligence video generation models is attractive, thanks to the large consumption of video content by internet users, the emerging demands of advertising companies, and the potential needs of drama, video, and game producers in the long term. Therefore, the bank sees the Gelingda model as a good entry point for Kuaishou in the field of artificial intelligence.