0324 GMT - Kuaishou seems on track to deliver its full-year guidance, Citi analysts say in a research note. The short-video app operator's 2Q revenue likely grew 11% on year to 34.5 billion yuan with gross profit margin at 55.3%, the analysts say. 2Q ads growth likely accelerated thanks to a low base for non-e-commerce ads and improved monetization from shelf-based e-commerce, they say. Citi maintains its forecast for Kuaishou's full-year gross merchandise value growth at 13%. In 2H, Kuaishou's shelf-based e-commerce and AI video generation tool, Kling, should maintain their ramp-up momentum, they say. Citi maintains a buy rating on Kuaishou but raises its target price to HK$88.00 from HK$66.00 to reflect Kling's accelerating monetization. Shares are last at HK$71.15.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
July 28, 2025 23:24 ET (03:24 GMT)
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