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63391 UB#HSI RP2703M (R BEAR)
RT Nominal unchange 0.000 (0.000%)

12/12/2024 14:36

{I-bank focus}J.P. Morgan lowers Kuaishou (01024) to HKD55

[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)

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