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<Research>Daiwa Slashes KUAISHOU-W's TP to HKD63 Due to Pressure on Traditional Biz & Increased AI Investment
Recommend 11 Positive 20 Negative 10 |
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KUAISHOU-W (01024.HK) delivered solid results for 4Q25, aligning with market expectations, Daiwa's research report said. Considering pressure on its traditional business and expanded AI investment, however, Daiwa decided to lower its 2026 revenue growth forecast for KUAISHOU-W from 8% to 4% and the net profit forecast from RMB25 billion to RMB17 billion. Despite the challenging outlook, Kling AI remains a key upside variable. Daiwa expects its monetization momentum and product leadership to stay unchanged. Daiwa has reiterated a Buy rating on KUAISHOU-W but cut its target price from HKD95 to HKD63. AAStocks Financial News |
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