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Research Report

28/04/2021 11:45

{I-bank focus}Daiwa starts Kuaishou (01024) at HK$350; "buy"

[ET Net News Agency, 28 April 2021] Daiwa initiates coverage of Kuaishou Technology
(01024) with a target price of HK$350 and a "buy" rating.
The research house said it believes the stock is now significantly more attractive to
long-term investors, not only because of valuations but because it believes the market is
underestimating Kuaishou's ability to generate new growth avenues in the long term, such
as evolving into a mainstream e-commerce platform, diversifying into games distribution,
and moving towards becoming a "super app". Although some other companies
have tried but failed to diversify, it likes Kuaishou's prospects, given its solid
live-streaming cash-cow business and its substantial traffic. (RC)

Remark: Real time quote last updated: 17/09/2021 17:59
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