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RTNominal down44.350 -1.500 (-3.272%)
Research Report

07/11/2023 14:42

{I-bank focus}Daiwa lowers Kuaishou (01024) to HKD90

[ET Net News Agency, 7 November 2023] Daiwa lowered its target price for Kuaishou
(01024) to HKD90 from HKD92 and maintained its "buy" rating.
The research house said it revises up 2023E EPS by 4% to reflect its optimism on the
company's ads and e-commerce growth in 4Q23.
Despite the fierce competition, its 2023E bottom line is still 3.7% higher than the
consensus, as it believes operational efficiency and AI technology will further benefit
the S&M expenses. (RC)

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