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BofAS Cuts TP for KUAISHOU-W (01024.HK) to HKD77, Maintains Buy Rating
2026-03-26 10:52:31
KUAISHOU-W (01024.HK) is in face of pressure from its core e-commerce and increased capex, BofA Securities said in a research report. The broker trimmed its 2026 revenue forecast to RMB149 billion, representing a YoY growth of 4.5%. The adjusted net profit forecast was reduced to RMB17.2 billion, a YoY decline of 17%, primarily due to a 3-ppt drop in margin.

The target price was lowered from HKD94 to HKD77, with Buy rating maintained. BofA Securities considered the results performance as a risk-clearing event, expecting an initial negative reaction in the stock price but anticipating a positive risk-reward shift after resetting to a conservatively low base.
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