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<Research>CMBI Lowers TP of KUAISHOU-W (01024.HK) to HKD80
Recommend 5 Positive 11 Negative 11 |
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CMBI released a research report on KUAISHOU-W (01024.HK), which saw a 12% YoY increment in revenue to RMB39.6 billion in 4Q25, with adjusted net profit hiking 16% to RMB5.5 billion, both topping expectations. This was attributable to strong revenue growth of 17% of core commercial businesses. For the full year 2025, revenue and adjusted net profit climbed by 13% and 17%, respectively. Correspondingly, the broker lowered its adjusted net profit forecasts for 2026 and 2027 to RMB17.1 billion and RMB20.3 billion, respectively, and reduced the target price from HKD88 to HKD80. Despite the pressure on short-term margins, the broker foresaw the AI investment to gradually bear fruit through accelerating Kling AI monetization and core business growth. The rating Buy was kept. AASTOCKS Financial News Website: www.aastocks.com |
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