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<Research>Citi Keeps Buy on KUAISHOU-W, Cuts TP to HKD72
Recommend 24 Positive 42 Negative 22 |
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Looking ahead to 2026, the growth momentum of KUAISHOU-W (01024.HK)'s GMV may slow down due to the impact of recent traffic expenditure policies, Citi said in its report. Meanwhile, KUAISHOU-W's traffic support for merchants and the continued lackluster performance in overseas markets may drag down the company's advertising business performance. Citi has lowered KUAISHOU-W's earnings forecasts for 2026-27 by 27% and 30% to reflect the latest revenue growth outlook and substantial AI investments. The company's target price has also been reduced from HKD95 to HKD72. Because of Kling's promising potential, however, Citi has kept the Buy rating unchanged. AAStocks Financial News |
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