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Silent Kuaishou.
Erupt in silence.
Kuaishou-W (01024.HK) spent 11.95 million Hong Kong dollars on repurchasing 0.237 million shares on November 14.
On November 14, 2023, Kuaishou-W (01024.HK) announced that it spent 11.95 million Hong Kong dollars to repurchase 0.237 million shares, with a repurchase price of 49.75-50.95 Hong Kong dollars per share.
Citi: Maintains a buy rating on Kuaishou-W with a target price of 67 Hong Kong dollars.
Citi believes that Kuaishou's GMV growth during singles' day sales may outpace the bank's year-on-year forecast of 14% for the fourth quarter of 2024.
[Brokerage Focus] Citigroup maintains a 'buy' rating on Kuaishou (01024), expecting strong year-on-year growth in GMV during the singles' day sales.
King's Wealth News | Citigroup released research reports stating that Kuaishou (01024) announced strong year-on-year growth in Singles' Day sales GMV (commodity trade total), with a 110% year-on-year growth in GMV of e-commerce shelf commodities cards, a 94% year-on-year growth in GMV on the first day of promotions, and a 119% growth in search GMV. Based on its performance indicators, the bank believes that Kuaishou's GMV growth during Singles' Day sales may exceed the bank's 14% year-on-year expectations for the fourth quarter of 2024. Although the group's return rate may be high this year, the slowdown in growth outside of Singles' Day sales season may indicate the bank's forecast for the GMV in the fourth quarter of 2024.
[Brokerage Focus] UBS Group's feedback on the china internet plus-related industry market: Investor sentiment and industry trends.
UBS Group recently conducted a survey of 59 investors in asia, the results show that investors maintain a strong interest in china's internet plus-related industry, but adopt a cautious attitude towards online media and gaming industries. Investors prefer sub-industries that are more sensitive to the macroeconomy, such as e-commerce and local services.
Kuaishou-W (01024.HK) spent 11.96 million Hong Kong dollars to repurchase 0.232 million shares on November 11th.
Gelonghui November 11th Official Announcement: On November 11th, Kwai Shou -W (01024.HK) announced that it will spend 11.96 million Hong Kong dollars to repurchase 0.232 million shares at a repurchase price of 51-52.6 Hong Kong dollars per share.
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