CICC: Maintains KUAISHOU-W "Outperform Industry" Rating, Target Price Raised to HKD 66

Zhitong
2024.11.21 02:32

CICC released a research report stating that it maintains KUAISHOU-W's "outperform industry" rating and raises the target price by 18% to HKD 66. KUAISHOU announced its 3Q24 performance: revenue increased by 11.4% year-on-year to RMB 31.1 billion, in line with institutional consensus expectations and the bank's expectations; Non-IFRS net profit was RMB 3.95 billion, also in line with institutional consensus expectations and the bank's expectations

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