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<Research>CMBI: KUAISHOU-W (01024.HK) Emphasizes Good Products at Low Price w/ Confidence on GPM Improvement
Recommend 35 Positive 67 Negative 22 |
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KUAISHOU-W (01024.HK) emphasized more on good products at low price during the 618 promotion event, with simpler approach and extended period, CMBI released a research report saying. CMBI believed that the pan shelf-based e-commerce business performed well, with orders/ paying users growing 65%/ 57% YoY, respectively. Despite mixed results from third-party industry data, CMBI was optimistic about KUAISHOU-W's share gain in 618, and expected to be confident in KUAISHOU-W's earnings upside as gross profit margin continued to improve. Therefore, CMBI kept rating at Buy on KUAISHOU-W, with a target price of $97. AAStocks Financial News |
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