Da Ma: Upgrades Kuaishou-W (01024.HK) target price to 60 Hong Kong dollars, rating "In line with the market."

According to the Wisdom Finance APP, Morgan Stanley released a research report stating that it is raising the basic target price of Kuaishou-W (01024.HK) from 58 Hong Kong dollars to 60 Hong Kong dollars, an increase of 3.4%, with an investment rating of "synchronized with the overall market". This is mainly due to the assumption that the exchange rate will rise from 7.6 RMB to 1 USD to 7.5 RMB to 1 USD, reflecting the strengthening of the RMB. However, the bank also raised Kuaishou's most "bullish" (optimistic) target price from 80 Hong Kong dollars to 82 Hong Kong dollars, an increase of 2.5%; and the most "bearish" (pessimistic) target price from 38 Hong Kong dollars to 40 Hong Kong dollars, an increase of 5.3%.