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<Research>Nomura Lifts KUAISHOU-W (01024.HK) TP to $50 as New Engine Needed Amid Slowing E-commerce Growth
KUAISHOU-W (01024.HK)'s 3Q24 non-GAAP net profit grew 24% YoY to RMB3.9 billion, in line with the expectations of Nomura and the market, Nomura issued a research report last Th...
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<Research>Nomura Lifts KUAISHOU-W (01024.HK) TP to $50 as New Engine Needed Amid Slowing E-commerce Growth
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KUAISHOU-W (01024.HK)  +1.000 (+2.139%)    Short selling $283.91M; Ratio 21.061%   's 3Q24 non-GAAP net profit grew 24% YoY to RMB3.9 billion, in line with the expectations of Nomura and the market, Nomura issued a research report last Thursday (21st) before KUAISHOU-W becoming blue chip saying.

E-commerce GMV increased by 15% YoY to RMB334 billion, of which YoY growth of live-streaming e-commerce is likely to slow down to below 5%.

Related NewsHTSC Lowers KUAISHOU-W (01024.HK) TP to $60.45; E-commerce Revenue Growth Slows
Nomura raised its FY2024/ FY2025 EPS forecasts by 4%/ 7% each, and remained its revenue forecasts largely unchanged. Therefore, the broker reiterated rating at Neutral, and lifted its target price from $45 to $50.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-27 16:25.)

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