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<Research>Citi Expects KUAISHOU-W's Last Qtr Results in Line, Non-ecomm Ads as Main Driver This Yr
KUAISHOU-W (01024.HK) is set to announce its 4QFY24 results by the end of March. Citi has released a research report predicting the company's revenue and adjusted earnings duri...
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<Research>Citi Expects KUAISHOU-W's Last Qtr Results in Line, Non-ecomm Ads as Main Driver This Yr
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KUAISHOU-W (01024.HK)  -0.050 (-0.123%)    Short selling $200.41M; Ratio 32.629%   is set to announce its 4QFY24 results by the end of March. Citi has released a research report predicting the company's revenue and adjusted earnings during the period to be in line.

As KUAISHOU-W enjoyed rapid growth during the Double 11 period and experienced a relatively short off-season, the broker believed that its GMV may grow by 14% YoY, leading to a similar increase in commission income. However, the company's e-commerce ad growth was slower because of more traffic support for merchants during the promotion period.

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The broker reiterated a Buy rating for KUAISHOU-W with a target price of $67. It also mentioned that this stock's valuation was not high, and the non-ecommerce advertising business still had strong momentum.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-17 16:25.)

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