Morgan Stanley's research report covered KUAISHOU-W (01024.HK) -1.300 (-2.814%) Short selling $218.76M; Ratio 44.692% , which achieved a 12% revenue growth in 4Q25, topping the broker's expectations by 2%, powered by faster online marketing growth. The GMV added by 13%, outshining other e-commerce platforms; the Kling revenue reached RMB340 million, slightly below expectations. The adjusted profit rose by 16% YoY, surpassing the broker's expectations by 1%. The full-year adjusted net profit was RMB20.65 billion, above the previous guidance.The broker lowered its EPS forecast for 2026-28 by 17-24%, and axed its target price by 25% from HKD73 to HKD55, maintaining a rating of Equalweight.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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