Kuaishou spent 0.162 billion Hong Kong dollars to repurchase 3.452 million shares on November 21.

Kuaishou-W (01024.HK) announced on November 21st that it spent 0.162 billion Hong Kong dollars to repurchase 3.452 million shares on November 21st, with a repurchase price of 46.05-49.75 Hong Kong dollars per share.

Gelonghui Finance06:12 ET

Jefferies Adjusts Kuaishou Technology's Price Target to HK$80 From HK$78, Keeps at Buy

MT Newswires04:03 ET · Ratings

Hong Kong stock market review: Hang Seng Index fell by 0.53%, Hang Seng Tech Index fell by 1.24%, mainland real estate stocks showed a noticeable decline.

Most of the large technology stocks fell, with Kuaishou dropping 11.7% after earnings, marking the weakest performance.

Gelonghui Finance03:24 ET

Futu: Upgrade Kuaishou-W to a "buy" rating, with a target price increase to HK$80.

Futu Research released a report stating that the target price for Kuaishou-W (01024) has been raised by 2.6%, from 78 Hong Kong dollars to 80 Hong Kong dollars, with a rating of "buy." Kuaishou's adjusted profit in the third quarter increased by 24% year-on-year to 3.95 billion yuan, which basically meets market expectations and exceeds the bank's forecast. The bank believes that if assessed by business segments, the total trade value of Kuaishou's commodities will grow in the fourth quarter of this year, expected to align with market expectations. It also maintains that the growth in the number of active merchants and consumer merchants remains strong, and external advertising revenue is likely to benefit from the rapid growth trend of short videos, with gross margins expected to continue to expand, likely reaching 54% in the fourth quarter, leading to adjusted profits.

Sina Hong Kong Stocks02:56 ET

[Brokerage Focus] CMB International cuts Kuaishou (01024) target price by 7%, citing that its third-quarter performance is in line with expectations.

Jingu Finance News | CMB International released research reports, stating that Kuaishou (01024) announced its 3Q24 performance: total revenue increased by 11% year-on-year to 31.1 billion yuan, in line with the consensus expectation of 31 billion yuan; adjusted net income increased by 24% year-on-year to 3.95 billion yuan, in line with the consensus expectation. 3Q24 average DAU increased by 5% year-on-year to 0.408 billion, user stickiness continued to improve, achieving the company's mid-term goal of 0.4 billion DAU. Looking ahead to 4Q24E, the bank expects Kuaishou's core business revenue (online marketing and other services) to maintain a 16% year-on-year growth, driven mainly by outbound advertising revenue and e-commerce.

Golden Guard Financial News21:30 ET

Hong Kong stocks morning report on November 21: The chairman of the Securities and Futures Commission, wu qing, met with the Financial Secretary of Hong Kong, paul chan mo-po. Canvest env received a privatization offer of 10 billion yuan from an A-share c

CSRC Chairman Wu Qing meets with Hong Kong Financial Secretary Paul Chan Mo-po.

cls.cn18:52 ET