CLSA Sticks to Its Buy Rating for Kuaishou Technology Class B (1024)

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Kuaishou Technology Class B has an analyst consensus of Strong Buy, with a price target consensus of HK$69.83, a 55.59% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$78.00 price target.

Based on Kuaishou Technology Class B’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$35.05 billion and a net profit of HK$4.92 billion. In comparison, last year the company earned a revenue of HK$30.98 billion and had a net profit of HK$3.98 billion