智通财经网·2025-09-25 03:13Core Viewpoint - UBS has released a report indicating that Kuaishou-W (01024) has made significant advancements in text understanding with its Keling 2.5 Turbo model, enabling users to describe complex video sequences through text, enhancing creative expression control [1] Group 1: Company Valuation and Target Price - UBS has set a 12-month target price of HKD 95.37 for Kuaishou, implying a price-to-earnings ratio of 14.4 times for the fiscal year 2025, excluding Keling [1] - The report maintains a "Buy" rating for Kuaishou based on the SOTP (Sum of the Parts) valuation method [1] Group 2: Growth Potential and Market Sentiment - UBS expresses optimism regarding Kuaishou due to reasonable growth expectations, projecting price-to-earnings ratios of 15 times and 12 times for the next two years, with an average annual compound growth rate of 20% in earnings per share from fiscal years 2024 to 2026 [1] - The potential for video-generating AI is highlighted as an upward growth driver for the company [1] - Investor holdings in Kuaishou are noted to be relatively low, suggesting potential for increased interest [1]