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Brokerage focuses on First Shanghai's initial buy rating of Kuaishou (01024), with a target price of 60 Hong Kong dollars and expected high-speed profit growth.
Jingu Cai Xun | First Shanghai covers Kuaishou (01024) for the first time. It is expected that as user stickiness and commercial capabilities continue to improve, the company's advertising and e-commerce business will grow rapidly. The target price of the company is HKD 60, corresponding to 13 times PE in 2025, and there is a 26% upside potential compared to the current price. A buy rating is given. The bank pointed out that online marketing business is one of Kuaishou's main sources of disciples, and its revenue maintains steady growth, while internal circulating advertising is expected to become the main driving force of Kuaishou's advertising revenue. As for the e-commerce business, as an important engine for Kuaishou's future growth, Kuaishou has opened up a cross-category shelf scene.
Kuaishou and Meituan renew and upgrade their cooperation.
On the evening of July 11th, Sina Technology News reported that the strategic cooperation between Kuaishou and Meituan has recently expired and been renewed, and the cooperation between the two parties will be fully upgraded. According to the agreement, in the next three years, the scope of Kuaishou and Meituan's cooperation space will be expanded to the "hundred cities and ten thousand stores" across the country. Meituan's supply provided to Kuaishou will expand from group buying products to various marketing forms such as vouchers, member goods, and flash sale products. The 0.7 billion users of Kuaishou will help Meituan merchants gain new customers. The first cooperation between Kuaishou and Meituan began three years ago. Data shows that in June of this year, Meituan merchants' GMV on the Kuaishou platform increased by more than 38 times year-on-year, and the number of orders increased significantly.
On July 10th, Kuaishou spent HKD 29.53 million to repurchase 0.625 million shares.
Kuaishou-W (01024.HK) announced that it spent HK$29.53 million on July 10 to repurchase 0.625 million shares.
Kuaishou joins the big model application battle.
Author | Liu Baodan Editor | Zhou Zhiyu More than a month ago, Byte released the Bean Bag large model family, directly bringing large model prices into the "one thousandth of a cent era". Now, Kwai also pulled out the large model matrix from the bottom of the box and targeted tool applications. On July 6th, at the "New AI · New Applications · New Ecology" forum, Kwai's large models were collectively unveiled for the first time, and many new functions such as the flexible video generation large model and the image generation large model were officially released. Gai Kun, senior vice president and responsible person of the main site business and community science line of Kwai, said that Kwai has built large models in speech language, recommendation, and visual generation.
Hong Kong stocks closed (07.09) | HSI flat, Apple suppliers and semiconductor stocks strong throughout the day, cnbm (03323) plummeted 13% after warning of earnings.
In the morning trading, the three major Hong Kong stock indices showed weak volatility. They all rose and turned red at noon, but then struggled to rise. The Hang Seng Index and the National Index successively fell, only the Hang Seng China Enterprise Index achieved growth.
Kuaishou Launches HK$6 Billion Share Buyback
Kuaishou Technology Class B (HK:1024) has released an update.
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