New Street Research - BEIJING KUAISHOU TECHNOLOGY (1496219D) ... Kuaishou 1Q24 Results: OMS Could Remain Resilient

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New Street Research

Jin Yoon

Kuaishou 1Q24 Results: OMS Could Remain Resilient

What’s new: Kuaishou’s reported 1Q24 results that top consensus and our expectations. OMS could remain resilient partly driven by closed-loop ads and continued recovery in external ads. Margins could further improve YoY in FY24 amid a better revenue mix and continued cost controls. We maintain our PT at HKD95.

Analysts:
Jin Yoon

23/05/2024 1 EN

Underlyings

BEIJING KUAISHOU TECHNOLOGY

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Beijing Kuaishou Technology Co Ltd

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Kuaishou Technology Class B

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KYG532631028 Hong Kong Stock Exchange Cayman Islands

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Analysts

Jin Yoon

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Kuaishou 1Q24 Results: OMS Could Remain Resilient

Kuaishou Technology (1024 HK): Launch of Kling AI 2.0; “Lower-Tier Cities + AI” to power local life services.

Greater China Daily: Tuesday, April 22, 2025

Regional Morning Meeting Notes: Tuesday, April 22, 2025

Apple 2FQ25: minimal tariff impact, weak iPhone, Intelligence debacle. Neutral, $215 TP

The Cost of the Deal: What Does the Skydance/Paramount Situation Tell Us About the Trump Transaction Tax?

CCI Model Update & Starting Valuation

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