CICC raises the target price of Kuaishou-W (01024) to 80 Hong Kong dollars, with a rating of "outperform industry".

According to information from the Securities Times APP, CICC has released a research report stating that it has raised the target price of Kuaishou-W (01024) by 21% to 80 Hong Kong dollars, with an investment rating of "outperform industry". CICC points out that Kuaishou is a leader in AI video industry, with a valuation premium, and Kuaishou's AI narrative is gradually becoming successful. Considering Kuaishou's technical and commercial leadership in AI video tools, as well as its potential to empower the future of Kuaishou's advertising ecosystem, the bank believes that the independent valuation of Kuaishou's live streaming business is about 6 billion US dollars. The bank maintains its profit forecast for Kuaishou, with the current stock price corresponding to a 12/10 times 2025/26 Non-IFRS P/E ratio.