快手-W：Bullish on earnings upside

M N 23 May 2024 CMB International Global Markets | Equity Research | Company Update Kuaishou (1024 HK) Bullish on earnings upside Target Price HK$97.00 Kuaishou delivered another upbeat quarter, with topline/bottom line (Previous TP HK$97.00) +17%/+10,348% YoY (1%/37% above consensus). We expect such margin Up/Downside 66.8% surprise with a HK$16bn new share repurchase program should help its re- Current Price HK$58.15 rating. We reiterate our confidence on KS’s resilient growth and earnings upside, and exp ...