KUAISHOU Investment Rating and Target Price (Table)

KUAISHOU-W (01024.HK) will announce its fourth-quarter results for the period ending December 31 of last year next Wednesday (25th). Driven by external revenue and growth in the gross merchandise volume of e-commerce platforms, our website consolidates predictions from six brokerages, estimating that KUAISHOU's adjusted net profit for the fourth quarter of 2025, under non-International Financial Reporting Standards, is expected to be between RMB 5.078 billion and RMB 5.486 billion, compared to RMB 4.701 billion in the same period last year, representing a year-on-year increase of 8% to 16.7%, with a median of RMB 5.409 billion, reflecting a year-on-year increase of 15.1%.

Based on predictions from three brokerages, KUAISHOU's adjusted EBITDA for the fourth quarter of 2025, under non-International Financial Reporting Standards, is expected to be between RMB 7.26 billion and RMB 7.89 billion, compared to RMB 6.869 billion in the same period of 2024, representing a year-on-year increase of 5.7% to 14.9%. Investors will focus on KUAISHOU's e-commerce business, regulatory conditions, and growth and guidance for its potential business.

The table below lists the investment ratings and target prices from nine brokerages:

Brokerage│Investment Rating│Target Price

UBS│Buy│RMB 108

DBS│Buy│RMB 98

Citi│Buy│RMB 95

Haitong International│Outperform│RMB 95

Bank of America Securities│Buy│RMB 94

JP Morgan│Overweight│RMB 89

Goldman Sachs│Buy│RMB 87

Citi│Outperform│RMB 85

BOC International│Buy│RMB 80