New Street Research - BEIJING KUAISHOU TECHNOLOGY (1496219D) New Street: Kuaishou 4Q21 Results - Outlook Remains Encouraging

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New Street Research

Jin Yoon

New Street: Kuaishou 4Q21 Results - Outlook Remains Encouraging

What's new: Kuaishou reported 4Q21 top-line results were above consensus and our expectations driven by resiliency in ads and e-comm coupled with better-than-expected contributions from live streaming. Key business segments could remain resilient in 1Q22 driven by strong user growth amid positive seasonality with CNY and Winter Olympics. We maintain our PT at HKD 122.

Analysts:
Jin Yoon

31/03/2022 1 EN

Underlying

BEIJING KUAISHOU TECHNOLOGY

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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New Street: Kuaishou 4Q21 Results - Outlook Remains Encouraging

Kuaishou 2Q24 Preview: E-commerce Could be Under Pressure in 2Q

Kuaishou 1Q24 Results: OMS Could Remain Resilient

Kuaishou 4Q23 Results: Margins to Further Improve in 2024

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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