CICC maintains the target price of HK$67 for Kuaishou Technology (01024.HK) and rates it as "outperform."

According to the Wise Finance APP, CITIC Securities released a research report stating that it maintains a target price of HK$67 for Kuaishou-W (01024.HK) and a "outperform" rating. CITIC Securities pointed out that Kuaishou's total revenue in the first quarter of 2025 is expected to increase by 10% year-on-year to 32.3 billion RMB, with adjusted net profit rising by 4% year-on-year to 4.6 billion RMB, and the gross merchandise volume (GMV) of e-commerce increasing by 15% year-on-year. External advertising may also see single-digit growth, mainly due to the unusually high expenditure on game advertising in the first quarter of 2024. CITIC Securities predicts that revenue and profits may see a double-digit growth recovery in the second quarter of 2025.