Citi: Maintains KUAISHOU-W (01024) "Buy" rating with a Target Price of 66 HKD.

The bank pointed out that despite the increasing uncertainties in e-commerce, it still believes that advertising growth could accelerate due to increased monetization of shelf-style e-commerce.

Zhitong Finance04:29 ET

Major banks rating | Citibank: Maintains "Buy" rating for Kuaishou, predicts first quarter revenue to increase by 10% year-on-year.

Citigroup released a report stating that it maintains its performance forecast for Kuaishou for the first quarter, indicating that with continuous traffic support for live e-commerce, the year-on-year growth rate of gross trading volume may reach 15%. The bank predicts Kuaishou's first-quarter revenue will increase by 10% year-on-year to 32.3 billion yuan, with advertising, live streaming media, and Other operating income expected to grow by 7.6%, 12.3%, and 14% year-on-year respectively. The gross margin is expected to increase by 0.6 percentage points year-on-year to 54%, and the adjusted operating profit is expected to be 4.5 billion yuan. The bank maintains a target price of 66 HKD for Kuaishou and a "Buy" rating due to its low valuation, lack of USA depositary receipt delisting risk, and considerable potential for scalable models.

Gelonghui Finance02:58 ET

Kuaishou's 1Q Earnings Likely Supported by Livestreaming E-Commerce Business -- Market Talk

WSJ02:16 ET

Kuaishou Technology Announces Annual General Meeting With Key Resolutions

TipRanks20:09 ET

KUAISHOU-W (01024.HK): Lu Rong has been appointed as an independent non-executive Director.

Glory Financial reported on April 28 that KUAISHOU-W (01024.HK) announced that Xiao Xing has resigned as independent non-executive Director, as well as a member of the Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee, effective from April 28, 2025. In addition, Lou Rong has been appointed as an independent non-executive Director, effective from April 28, 2025.

Gelonghui Finance19:38 ET

Kuaishou (01024) released the 2024 ESG report: Technology for good, connecting a sustainable future.

Kuaishou released the 2024 ESG report, achieving significant results recognized by the authoritative Institutions MSCI.

Zhitong FinanceApr 25 05:32 ET