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<Research>JPM Slashes KUAISHOU-W (01024.HK) TP to $48, Downgrades Rating to Neutral
Recommend 11 Positive 17 Negative 14 |
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JPMorgan released a research report turning more cautious on KUAISHOU-W (01024.HK)'s outlook over the next six months. The broker downgraded KUAISHOU-W from Overweight to Neutral, and slashed its target price from $89 to $48. JPMorgan expected core revenue growth, excluding the Kling AI business, to slow from 12% in 2025 to 3% in 2026/ 2027, mainly due to the impact of e-commerce regulation, weak consumption sentiment and the slowdown in growth areas such as short dramas due to competition from ByteDance. Due to higher capital expenditures, the broker forecasted 2026 net profit to decline by 20%. AASTOCKS Financial News Website: www.aastocks.com |
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