CMB International released a research report stating that KUAISHOU-W (01024) reported second-quarter revenue growth of 13% year-over-year to RMB 35 billion, with adjusted net profit increasing 20% year-over-year to RMB 5.6 billion. Both figures exceeded market expectations, primarily benefiting from robust e-commerce business performance and better-than-expected AI commercialization results.
Looking ahead to the third quarter, the firm expects total revenue to grow 13% year-over-year, driven by strong momentum in e-commerce business and resilient growth in online marketing services. The firm slightly raised its earnings forecasts for KUAISHOU-W for 2025-2027 by 0-1% to reflect positive developments in the AI sector.
CMB International upgraded its target price from HK$80 to HK$84 and maintained a "Buy" rating, expressing optimism about KUAISHOU-W's AI development and commercialization prospects.