JP Morgan: Gives KUAISHOU-W (01024) a "overweight" rating with a target price of 70 Hong Kong dollars.

J.P. Morgan released a research report stating that it has given KUAISHOU-W (01024) a "overweight" rating with a target price of 70 Hong Kong dollars. J.P. Morgan believes that Kuaishou is a less noticed beneficiary of artificial intelligence or "DeepSeek" in the Chinese internet sector covered by the bank. The bank believes that Kuaishou has a unique content ecosystem and a large loyal user base, and that these advantages have not been fully realized yet. The bank expects the next catalyst for Kuaishou to be the fourth quarter financial report of the 2024 fiscal year, and expects management to provide updates on the impact of artificial intelligence on Kuaishou's core applications and scalable models.