Citigroup: Maintains "Buy" rating on Kuaishou-W (01024.HK) with a target price of HK$66.

Wisdom Financial APP learned that Citigroup released a research report stating that it maintains its first quarter performance forecast for Kuaishou-W (01024.HK) and points out that with the continued traffic support for live e-commerce, the annual growth rate of gross transaction volume may reach 15%. The bank pointed out that although the uncertainty of e-commerce is increasing, it still believes that advertising growth is likely to accelerate, due to the monetization increase of shelf e-commerce. The bank maintains its target price of HK$66 for Kuaishou and a "buy" rating, as its valuation is not high, there is no risk of delisting of American depository receipts, and there is considerable potential for the Kuaishou model.