Daily Investment Strategy
Daily focus：Kuaishou（1024）
Kuaishou's AI video generation tool Kling has delivered impressive. According to the latest data, Kling is expected to achieve US$100 million in revenue in 2025, becoming the highest-revenue AI video generation model globally. The platform's annualized revenue run rate has already exceeded $100 million in March, with monthly subscription bookings in April and May both surpassing RMB 100 million. In terms of customer base, Kling AI also provides API services to over 10,000 domestic and international enterprise customers and developers, covering multiple industries including professional creative platforms, advertising and marketing, film and television animation, game production, and smart terminals, highlighting its diverse integration.
US Non-Farm Payroll Data Exceeds Expectations
The US Bureau of Labor Statistics reported on Friday that US non-farm employment increased by 139,000 in May, higher than the market expectation of 125,000, but downward revisions were made to March and April data, totaling a combined reduction of 95,000 jobs; meanwhile, the unemployment rate remained stable at 4.2%. Average hourly earnings increased 3.9% year-over-year, higher than the previous reading of 3.8% and the expected 3.7%; average hourly earnings rose 0.4% month-over-month, higher than the previous reading of 0.2% and the expected 0.3%. The average hourly earnings data exceeded expectations, further supporting Federal Reserve officials' concerns that inflation may not decline in a timely manner.
Hong Kong Stock Connect recorded a net inflow of HK$6.77 billion on Friday, with BYD (1211) recording the largest net inflow of HK$2.59 billion, followed by Meituan (3690); Tencent (700) recorded the largest net outflow of HK$1.39 billion, followed by Li Auto (2015).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to: https://apps.sfc.https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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