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2025-07-31 14:16:32
[Morgan Stanley: Raised Kuaishou's target price to HK$67, expects Keling AI to contribute approximately US$60 million in revenue this year] Morgan Stanley published a report, predicting that Kuaishou's revenue in the first half of this year will increase by 12% year-on-year to 35 billion yuan, and its adjusted net profit will increase by 10% year-on-year to 5.1 billion yuan, which is basically in line with its guidance. The bank raised Kuaishou's target price by 12%, from HK$60 to HK$67, and pushed the valuation benchmark forward by 6 months to June 2026, and incorporated the latest exchange rate forecasts, maintaining its "in line with the market" rating. The bank's bull market scenario target price for Kuaishou was raised from HK$82 to HK$91, equivalent to a forecast price-to-earnings ratio of 17 times. Morgan Stanley expects that Kuaishou's Keling AI will contribute approximately US$60 million in revenue this year.
