In "The Big Banks," CICC raised KUAISHOU-W's target price to 76 yuan with a rating of "Hold."

Bank of China International published a research report stating that KUAISHOU-W (01024.HK) achieved a total revenue growth of 13% year-on-year in the second quarter, with an adjusted net profit of 5.6 billion RMB, reaching a historical high and growing 20% year-on-year, both exceeding expectations.

The bank believes that due to AI empowerment, the company has continuously benefited from the commercialization and efficiency of its core advertising and e-commerce businesses, coupled with the smooth progress of its KOL (Key Opinion Leader) iteration and commercialization, all thanks to strong AI investments and strategies. Although the Brazilian market is difficult to predict and the local food delivery battle in China has reduced advertising spending, the bank maintains its full-year revenue forecast unchanged due to upward adjustments in live streaming, KOL, and e-commerce GMV expectations. The bank raised its target price to 76 RMB and maintained a "Hold" rating