Citi: Upgrade Kuaishou-W (01024) target price to HK$71, reaffirming it as the top choice in Chinese digital entertainment.

Zhtng Cijng app huxn, m gn dtng fb ynbo chng, kui shu-W (01024) shuj k lng AI shur qsh gi hng jing q mbio ji cng 70 gng yun qngwi shngtiozh 71 gng yun, wich "zngch" pngj. yuy gunlcng y 2025 nin d r j xinshng gunggo shur tngb zngzhng jiks zh shung wi sh, yj k lng binxin jnd jikui, kui shu zu r gji zi yj gng b hu shng shng 5%. According to Zhtng Cijng app, JPMorgan released a research report stating that the first quarter revenue of Kwai (01024) driven by Kuaishou's AI advertising can made the bank slightly raise its target price from HK$70 to HK$71, maintaining a "buy" rating. Due to management's expectation of online advertising revenue growth accelerating to double digits year-on-year in the second quarter of 2025, as well as the faster progress of Kuaishou's monetization, the stock price of Kuaishou rose 5% after the earnings announcement yesterday.