CICC: Maintaining Kuaishou-W (01024) Outperform rating with a target price of HK$89.

According to the Wise Finance APP, CICC released a research report stating that it maintains a buy rating on Kuaishou-W (01024) and its profit forecast, with the current stock price corresponding to 15/13x 25/26 Non-IFRS P/E. The target price is maintained at HK$89 (18/15x 25/26 Non-IFRS P/E), with an upside potential of 18%. Kuaishou held an investor day event last week, where it shared its content ecosystem strategy at the Photosynthesis Conference and provided updates on AI applications.