CICC Securities: Raise Kuaishou-W's (01024.HK) target price to HK$84 and maintain a buy rating.

According to the Wisdom Financial APP, CICC International has released a research report stating that the second quarter revenue of Kuaishou-W (01024.HK) increased by 13% year-on-year to 35 billion yuan, and the adjusted net profit increased by 20% year-on-year to 5.6 billion yuan, both higher than market expectations. This is mainly due to the stable e-commerce business and the better-than-expected performance of AI commercialization. Looking ahead to the third quarter, the bank expects total revenue to increase by 13% year-on-year, driven by the strong momentum of the e-commerce business and the resilient growth of online marketing business. The bank slightly raises Kuaishou's profit forecast for 2025 to 2027 by 0-1% to reflect the positive progress in the AI field; raising the target price from 80 Hong Kong dollars to 84 Hong Kong dollars, maintaining a "buy" rating, and remaining optimistic about Kuaishou's AI development and commercial prospects.