In "The Big Banks," Citigroup expects KUAISHOU-W's total revenue in the third quarter to increase by 13% year-on-year, with adjusted net profit rising by 23%

Citi published a research report indicating that KUAISHOU-W (01024.HK) is expected to see steady growth in e-commerce, with revenue from Keling AI rising in the third quarter. It is anticipated that the company's total revenue will increase by 13% year-on-year to RMB 35 billion, while adjusted net profit is expected to rise by 23% year-on-year to RMB 4.9 billion.

The firm expects KUAISHOU's e-commerce to maintain a year-on-year growth of about 15%, with revenue from Keling AI reaching approximately RMB 400 million. Profits from the Chinese business are expected to rise by about 40% year-on-year to RMB 5 billion, offsetting slight losses from overseas operations. The firm reiterated the company's "outperform" rating and maintained a target price of RMB 83