Kuaishou 4Q23 Results: Margins to Further Improve in 2024
What’s new: Kuaishou’s reported 4Q23 revs were largely in-line with consensus and our expectations. User traffic could remain healthy as Kuaishou could reach 400mn DAU by 2H24. Margins could also continue to see upside partly driven by better rev mix and improved efficiency in marketing spending. We maintain our PT at HKD95.Analysts:
Jin Yoon
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