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<Research>CICC: KUAISHOU-W (01024.HK) 1Q Revenue In Line; Profit Beats
Recommend 22 Positive 34 Negative 12 |
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CICC issued a research report on KUAISHOU-W (01024.HK), which recorded 1Q revenue growth of 3% YoY, in line with the broker's and market's expectations. Among the segments, revenue from Kling AI topped the broker's forecast; non-IFRS net profit reached RMB3.37 billion, beating both the broker's and market's expectations, which was attributable to beat in other net gains. The broker maintained its 2026/27 non-IFRS net profit forecasts for KUAISHOU-W and reiterated an Outperform rating. In view of the company's structural business transformation, the valuation methodology was adjusted from PE to SOTP segment valuation, while the TP was kept at HKD72.8. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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