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RTNominal down88.350 -1.100 (-1.230%)
Research Report

27/07/2021 17:14

{I-bank focus}Haitong lowers Kuaishou (01024) to HK$125

[ET Net News Agency, 27 July 2021] Haitong lowered its target price for Kuaishou
(01024) to HK$125 from HK$276 and downgraded its rating to "neutral".
The research house said it forecast live broadcast revenue to decrease 17% YoY in 2Q and
7% YoY in FY21E with the declining trend to continue in the future. Advertising revenue
could likely from low base effect in FY21E. However, in the long run, eCPM could likely be
limited by customer groups, with recent restrictions in the education industry affecting
growth. (RC)

Remark: Real time quote last updated: 21/01/2022 17:59
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