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

22/11/2023 14:26

{I-bank focus}HSBC raises Kuaishou (01024) to HKD92

[ET Net News Agency, 22 November 2023] HSBC Global Research raised its target price for
Kuaishou (01024) to HKD92 from HKD88 and maintained its "buy" rating.
The research house said the favourable revenue mix towards high-margin ad and e-commerce
business, further optimization in traffic maintenance, bandwidth cost and revenue sharing
ratio, and incorporation of AI into content and ad materials generation should
collectively propel Kuaishou to continue delivering sustainable margin improvement. (RC)

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