CICC International: Raised Kuaishou's target price to 80 Hong Kong dollars, upgraded to "buy" rating.

Bank of China International released a research report, predicting that Kuaishou's performance in the fourth quarter of last year met market expectations, with total revenue expected to increase by 10% year-on-year, and adjusted net profit reaching 5.4 billion yuan. The bank believes that Kuaishou's AI capabilities, rich customized features, user-friendly interface, competitive and monetization-focused tiered pricing strategy, cost efficiency, and localized operations and channel expansion in various regions globally will further solidify its competitive advantage worldwide. The bank has upgraded Kuaishou's rating to "buy" and raised the target price from HK$66 to HK$80.