Core Viewpoint - The article discusses the current market conditions for Kuaishou (快手) and related products, highlighting a neutral market sentiment and the performance of various financial instruments linked to the stock [1][4]. Market Performance - On January 20, Kuaishou's stock price slightly decreased by 0.91%, closing at HKD 76.05, with a trading volume of HKD 1.621 billion, indicating a stable consolidation phase without significant volume changes [1]. - Other stocks in the sector, such as JD.com and Netease, showed minor fluctuations, with JD.com receiving a "strong buy" signal despite being near the neutral RSI level of 44 [1]. - Kuaishou's technical indicators suggest it is in a short-term oscillation range, positioned between the 10-day moving average (HKD 77.17) and the 30-day moving average (HKD 70.19) [1]. Technical Indicators - The RSI index is at 60, indicating a neutral sentiment without entering the overbought zone, supported by multiple oscillation indicators that also signal a neutral market [2]. - Resistance levels are identified at HKD 81.1 and HKD 88.9, while support levels are at HKD 70.7 and HKD 63.2, with the former being close to the 30-day moving average, suggesting strong support [2]. Product Review - Kuaishou-related structured products, particularly bear certificates, have performed well, with notable gains of 17% for JPMorgan's bear certificate and 15% for HSBC's bear certificate over the past two trading days [4]. - The article highlights two selected products for different market expectations: a put certificate with a leverage of 8 times and a call certificate with a leverage of 4.3 times, catering to investors with varying outlooks on Kuaishou's price movements [7]. Selected Products - The put certificate (18971) has a strike price of HKD 68.83 and is noted for its low premium and implied volatility, making it suitable for investors expecting a short-term decline [7]. - The UBS call certificate (68382) offers a balanced cost control and profit potential, appealing to those anticipating a rebound after testing support levels [7][8].

Group 1 - The Hang Seng Tech Index experienced a significant increase, with a peak rise of 1.7% [1] - Notable individual stocks included Kuaishou and Hua Hong Semiconductor, both rising over 5% [1] - Baidu Group and Tongcheng Travel saw increases of over 4%, while SMIC and Alibaba Health rose over 3% [1] Group 2 - Alibaba, BYD Electronics, Bilibili, Sunny Optical, and BYD Company all recorded gains exceeding 2% [1]

Group 1 - Kuaishou-W (01024.HK) saw an afternoon increase of over 3%, leading the blue-chip stocks [1] - As of the report, Kuaishou-W rose by 3.55%, reaching a price of 78.75 HKD [1] - The trading volume for Kuaishou-W was 1.649 billion HKD [1]

Core Viewpoint - Kuaishou-W (01024) has seen a significant increase in stock price, rising over 3% and leading blue-chip stocks, attributed to the growth of its AI product, Keling AI, which has surpassed 12 million monthly active users [1] Group 1: Stock Performance - Kuaishou-W's stock price increased by 3.55%, reaching HKD 78.75, with a trading volume of HKD 1.649 billion [1] Group 2: Product Performance - Keling AI's monthly active users (MAU) have exceeded 12 million as of January 21 [1] - The user base of Keling AI's paid subscribers has grown approximately 350% compared to December of the previous year [1] - Daily revenue from Keling AI has increased by about 30% compared to the daily average in December [1] - Keling AI ranks first in download volume in the art/design category across over 40 countries and regions on Google Play and Apple Store, according to SensorTower [1]

Group 1 - Kuaishou (01024.HK) shares rose over 3% following the news of its AI monthly active users surpassing 12 million [1]

Group 1 - Kuaishou-W (1024.HK) shares rose nearly 4% to HKD 78.9 [1] - The monthly active users (MAU) of Kuaishou's AI video generation model, Keling, surpassed 12 million in January this year [1] - The projected annual revenue for Keling in 2025 is expected to reach USD 140 million, significantly exceeding Kuaishou's initial revenue target of USD 60 million set for early 2025 [1]

Core Viewpoint - Kuaishou-W has been actively repurchasing its shares, indicating a strategy to support its stock price amidst recent declines [2] Group 1: Share Buyback Details - On January 20, Kuaishou-W repurchased 393,000 shares at prices ranging from 75.850 to 76.700 HKD, totaling 29.9525 million HKD [2] - The stock closed at 76.050 HKD on the same day, reflecting a decrease of 0.91%, with a total trading volume of 1.621 billion HKD [2] - Since January 19, the company has repurchased a total of 785,000 shares, with a cumulative buyback amount of 59.9129 million HKD, during which the stock has declined by 2.94% [2] Group 2: Buyback Summary Table - The buyback details include: - January 20: 39.30 thousand shares repurchased at a maximum price of 76.700 HKD and a minimum price of 75.850 HKD, amounting to 29.9525 million HKD [2] - January 19: 39.20 thousand shares repurchased at a maximum price of 76.750 HKD and a minimum price of 76.100 HKD, amounting to 29.9604 million HKD [2]

Core Viewpoint - Kuaishou-W (01024) announced a share buyback plan, indicating a strategic move to enhance shareholder value through repurchasing shares at a price range of 75.85 to 76.7 HKD per share [1] Group 1: Share Buyback Details - The company plans to repurchase 393,000 shares for a total expenditure of 29.9525 million HKD [1] - The buyback is scheduled for January 20, 2026 [1] - The repurchase price per share ranges from 75.85 to 76.7 HKD [1] Group 2: Share Issuance - The company issued 8,667 shares through the exercise of options under the post-IPO share option plan adopted on January 18, 2021 [1] - Additionally, 22,100 shares were issued through the exercise of options under the pre-IPO employee shareholding plan adopted on February 6, 2018 [1]

智通财经APP讯，快手-W(01024)发布公告，于2026年1月20日，该公司斥资2995.25万港元回购39.3万股 股份，每股回购价格为75.85-76.7港元;根据首次公开发售后购股权计划(于18/01/2021采纳)行使期权而发 行8667股股份;根据首次公开发售前雇员持股计划(于06/02/2018采纳)行使期权而发行2.21万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 2). | | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 22,052 | 0.0005 % | HKD | 0.3273 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | | | | 根據首次公開發售前僱員持股計劃 (於 06/02/2018 採納)行使期權 | | | | | | | | 變動日期 | 2026年1月20日 | | | | | | | | 於下列日期結束時的結存 (註5及6) | 2026年1月20日 | 3,658,904,328 | | 0 | | 3,658,904,328 | | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | | 1). | 購回股份擬註銷但尚未註銷 | | 462,000 | 0.0106 % | HKD | 64.7845 | | | | ...