KSHTY - Kuaishou: Short-Term Uncertainty Long-Term Potential

2024-06-27 04:37:05 ET

Summary

• Kuaishou's revenue growth might slow in Q2 2024, as data from China's recent 618 e-commerce shopping festival suggests.
• But Kuaishou's long-term prospects are favorable, as the increase in online advertising market share for short-form videos will have a positive impact on the company's growth in the long run.
• Kuaishou is rated as a Hold, taking into consideration the stock's short-term uncertainty and long-term potential.

Elevator Pitch

I assign a Hold rating to Kuaishou Technology ( KUASF ) ( KSHTY ) [1024:HK] stock. The focus of my previous January 12, 2024 write-up was Kuaishou's shareholder return and financial outlook....

For further details see: