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Market NewsBig Bank report believes that the share price of Kuaishou-W (01024.HK) will outperform the market within 60 days.
Market NewsBig Bank report believes that the share price of Kuaishou-W (01024.HK) will outperform the market within 60 days.Big Bank report believes that the share price of Kuaishou-W (01024.HK) will outperform the market within 60 days.
阿思達克 10-25 11:12
Morgan Stanley published a research report saying that it believed that the share price of Fast-W (01024.HK) would outperform the market within 60 days.
The bank said the stock's short-term valuation is attractive and it expects strong advertising and e-commerce growth and margins in the second half of the year to be higher than market consensus expectations due to a lower base in the third quarter and e-commerce and cost control during the recent Double Eleven period, thus driving operating leverage. To date, the Group has spent over $680 million of its $4 billion buyback programme to buy back more than 11.5 million shares at an average price of $59 per share.
In addition, although the company's share price has fallen 27% year-to-date compared with a 16% decline in the Hang Seng Index, its fundamentals have continued to beat market consensus since the fourth quarter of last year.
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