KSHTY - Kuaishou Technology: A Mixed Bag Of Results For Q1 2022

• Kuaishou's top line and bottom line for the first quarter of 2022 beat market expectations, but the company's actual quarterly financial performance wasn't as good as what headline figures suggest.
• The negatives for Kuaishou are the adverse effects of weak advertising demand on its online marketing services business, and regulatory pressures for the livestreaming business.
• The positives for Kuaishou are the strong growth of its e-commerce business and the improvement in its profitability.
• I retain my Hold investment rating for Kuaishou, as I think that the company's recent Q1 2022 results have been a mixed bag.

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