Goldman Sachs: Giving KUAISHOU-W (01024) a "buy" rating, with a target price of 67 Hong Kong dollars.

Goldman Sachs has released a research report stating that it has given a "buy" rating to KUAISHOU-W (01024) with a target price of 67 Hong Kong dollars. The company's goal is to achieve growth through scale, retention, and revenue, that is, expanding the user base and retaining high-quality users, and further realizing monetization and synergistic goals across multiple business lines. Differentiation in content and community remains a key strength of the company. The report indicates that the company's local services business continues to make progress, with a focus on lower-tier cities and suburban areas of first-tier cities, while increasing monetization efforts alongside expanding the user base. In addition, the company's current overseas business is mainly concentrated in the restructured Brazil, and is expected to achieve break-even in 2025.