Everbright: Maintains "buy" rating for Kuaishou-W with a target price of HKD 60.3.

Everbright Securities released a research report stating that it maintains a "buy" rating for Kuaishou-W (01024). Considering the profit in Q3 2024 exceeded expectations, the adjusted net income forecast for 2024 is slightly raised to 17.6 billion yuan (an increase of 1.9% compared to the last forecast). The company's ecosystem remains healthy, with overseas and local lifestyle businesses having growth potential, and the target price remains at 60.3 Hong Kong dollars. Kuaishou Technology achieved total revenue of 31.1 billion yuan in Q3 2024, a year-on-year increase of 11.4% (vs consensus expectation of +11.1% year-on-year); the adjusted net income was 3.95 billion yuan, slightly exceeding expectations (vs consensus expectation of 3.9 billion).

Sina Hong Kong stocks21:34 ET

Hong Kong stocks abnormal movement | Kuaishou-W (01024) rose more than 5% intraday, will be included in the Hang Seng Index constituent stocks at the beginning of next month. The company's DAU growth exceeded expectations.

Kuaishou-W (01024) rose more than 5%, as of the deadline, up 5.07%, trading at 46.6 Hong Kong dollars, with a turnover of 0.742 billion Hong Kong dollars.

Zhitong Finance21:21 ET

Everbright: Maintain "buy" rating for Kuaishou-W (01024) with a target price of 60.3 HKD.

Everbright has revised its forecast for Kuaishou's adjusted net income in 2024 to 17.6 billion yuan.

Zhitong Finance20:53 ET

Kuaishou (01024) accelerates the execution of buybacks, having repurchased over 0.1 billion shares this year.

After the market closed on November 22, Kuaishou-W (01024) announced that it will spend 0.128 billion Hong Kong dollars to repurchase 2.87 million shares at a repurchase price of HK$44.1 to HK$45.45 per share.

Zhitong Finance20:12 ET

Kuaishou Technology to Become Constituent of Hong Kong's Hang Seng Index

PR Newswire20:01 ET

【Special Contributor】Guo Jiayao: Market sentiment is cautious, and investors are paying attention to the trends in the exchange rates of the renminbi and corporate profitability.

King Wu Financial News | US stocks continued to perform well last Friday, with economic data showing ideal performance. The market anticipates continued corporate profit growth, and all three major indices closed with gains. The US dollar showed strong movement, with the US ten-year bond yield maintaining at 4.41%. Gold and oil prices rebounded significantly. Hong Kong stock pre-market securities were generally weak, and it is expected that the market will open lower in the early session. The Mainland stock market fell last Friday, with the SHCOMP opening high but falling low, the decline continued to widen, finally closing at the lowest point of the day, down 3.1%. The trading volume in the Shanghai and Shenzhen markets also slightly increased. Hong Kong stocks were pressured by the Mainland stock market, with the index dropping to a low of 19,100 points; however, the decline narrowed slightly at the end of the market.

Golden Guard Financial News19:19 ET