[ET Net News Agency, 12 December 2024] J.P. Morgan lowered the target price for Kuaishou (01024) to HKD55 from HKD65 and maintained the "overweight" rating.
  The research house said it forecasts Kuaishou's revenue/non-GAAP net profit to grow at 7%/26% in 25-26E, which makes its current valuation (8x 2025E P/E) an attractive level. (rc)