Jefferies: Kuaishou-W (01024.HK) Kling 4.0 Model Favorable for ARR; Maintains "Buy" Rating

Zhitong Finance APP has learned that Jefferies issued a research report stating it maintains a "Buy" rating and a target price of HK$63 for Kuaishou-W (01024.HK). The bank noted that Kuaishou has released its new-generation Kling AI model, Kling 4.0, a version the market has been anticipating. Jefferies considers this release a positive development that is beneficial to Kling's annual recurring revenue (ARR).