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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)  +4.000 (+7.353%)    Short selling $2.15B; Ratio 25.058%   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.

Related NewsJPM Expects Current Rebound in CN Internet Sector More Sustainable, Won't Advise Switching from BABA-W to TENCENT Now
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 2025-02-21 16:25.)

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