Weekly Inventory ｜ Kuaishou Hong Kong stocks fell 6.96% last week Huatai Financial (HK) gave a buy rating

2024年9月17日 | admin | dhf

[Individual stock trend]

August 19 to August 23

Last week, the Hang Seng Index rose 1.04% for the week, and the Hang Seng Technology Index rose 0.28%.

Kuaishou -W Hong Kong stocks fell 6.96% last weekLast week’s total turnover 9.015 billion Hong Kong dollars, as of last week’s close, the Hong Kong stock price was 40.80 Hong Kong dollars, the market value of 177.626 billion Hong Kong dollars; Hong Kong stocks fell 6.85% this month, 22.95% this year, nearly 52 weeks down 37.47%.

[Stock repurchase]

Kuaishou-W bought back 13.3707 million shares in Hong Kong last week.

[Company comparison]

stock code Securities abbreviation latest price Last week’s rise and fall This month’s rise and fall This year’s rise and fall 52 weeks of ups and downs 00136 Chinese Confucianism HK $2.40 5.73% 14.83% 38.73% 21.21% 09626 Bilibili -W HK $107.10 1.13% -12.29% 14.42% -7.59% 03700 Yinguniverse HK $0.85 0% 16.44% 2.41% -1.16% 01948 You Moment Holdings HK $0.97 -1.02% -11.82% -49.74% -65.23% 08083 like HK $0.06 -3.13% 1.64% -56.94% -53.38% 01024 Kuaishou -W HK $40.80 -6.96% -6.85% -22.95% -37.47% 01860 Huiliang Technology HK $1.63 -7.39% -15.1% -43.79% -54.34% 06988 Lexiang Group HK $0.07 -9.76% -27.45% -67.69% -87.24%

[Related News]

JD.com, Taobao, Pinduoduo, Douyin and Kuaishou signed the Self-discipline Convention on the compliance of online transactions

According to the official account of the Beijing Municipal Market Supervision Administration, today, under the guidance of the market supervision departments of Beijing, Zhejiang and Shanghai, five platform enterprises including JD.com, Taobao, Pinduoduo, Douyin, Kuaishou, etc. signed the "Self-discipline Convention on the compliance of online transactions" in Beijing. It is proposed to strengthen the management of online live broadcast and short video marketing activities, strictly prohibit unfair competition, and protect consumers’ personal information in accordance with the law. The contract issued proposals from five aspects: implementation of platform responsibility, protection of consumer rights and interests, strict prohibition of unfair competition, standardized price behavior, and co-governance of government and enterprises.

Kuaishou and Mango TV plan to launch over 100 high-quality skits in the next year

On August 22, Kuaishou and Mango TV reached a cooperation. The two sides will cooperate in multiple dimensions such as joint creation and promotion of short dramas and secondary creation and promotion of long video content. In the field of short dramas, Kuaishou and Mango TV plan to launch more than 100 high-quality short dramas in the next year. In addition, the two sides reached a cooperation in the secondary creation and promotion of long video content to encourage and support creators on the Kuaishou platform to create diverse short videos, and then guide users to watch complete long video content in the Mango TV Mini Program. (Securities Times)

Kuaishou partners with Mango TV

According to Sina, on August 22, Kuaishou and Mango TV reached a comprehensive and in-depth cooperation, and the two sides will carry out in-depth co-construction around the joint creation and promotion of short dramas, and the secondary creation and promotion of long video content.

"Black Myth: Wukong" after delivery Kuaishou gaming laptop GMV day-on-day ratio increased by 40%

It was learned from Kuaishou e-commerce that on the first day of the release of "Black Myth: Goku" on August 20, the GMV of Kuaishou all-in-one computers, desktops and other products increased by 122% month-on-month, and the GMV day-on-day ratio of gaming laptops increased by 40%. In addition, the GMV day-on-day ratio of DIY computer products such as monitors increased by 74%, and the GMV day-on-day ratio of video games, accessories, and game-related products increased by 34%. (36Kr)

Kuaishou: The company’s revenue in the second quarter of 2024 is 30.975 billion yuan, and the adjusted net profit is 4.679 billion yuan

Kuaishou HKEx announced that in the second quarter of 2024, the company’s revenue was 30.975 billion yuan, an increase of 11.6% year-on-year; gross profit was 17.135 billion yuan, an increase of 23% year-on-year; adjusted net profit was 4.679 billion yuan, an increase of 73.7% year-on-year. The main growth drivers came from online marketing services and e-commerce business. The company’s revenue for the six months ended June 30, 2024 was 60.383 billion yuan, an increase of 14% over the same period in 2023. Gross profit was 33.255 billion yuan, an increase of 29.7% year-on-year. Adjusted net profit was 9.067 billion yuan, an increase of 231.4% year-on-year.

Kuaishou E-commerce: Orders for fruit and vegetable products increased by 49% year-on-year in the past six months

Kuaishou E-commerce released the "2024 Kuaishou E-commerce Fruit and Vegetable Industry Semi-Annual Insights Report" and launched the "Prosperous Agriculture Plan" Sichuan Station investment promotion activities. The data shows that in the past six months (February 28-July 31, 2024), the order volume of Kuaishou E-commerce fruit and vegetable products increased by 49% year-on-year, the number of buyers of fruit and vegetable products increased by more than 46% year-on-year, the order volume of fruit and vegetable product pan-shelf field increased by 148% year-on-year, and the order volume of fruit and vegetable product short video field increased by 300% year-on-year.

[Hong Kong Stock Rating]

On August 23, Huatai Financial (HK) gave Kuaishou a buy rating with a target price of HK $64.86.

On August 22, Industrial Securities gave Kuaishou a buy rating.

On August 22, Guosen Securities gave Kuaishou a buy rating.

On August 22, First Shanghai Securities gave Kuaishou-W an overweight rating with a target price of HK $55.00.

On August 22, Huaxing Securities gave Kuaishou-W an overweight rating with a target price of HK $61.00.

On August 22, First Shanghai Securities gave Kuaishou-W an overweight rating with a target price of HK $55.00.

On August 22, CITIC Securities gave Kuaishou a buy rating with a target price of HK $60.00.

On August 22, Guoyuan Securities gave Kuaishou a buy rating.

On August 22, Guosheng Securities gave Kuaishou a buy rating with a target price of HK $70.00.

On August 21, Huatai Securities gave Kuaishou a buy rating with a target price of HK $64.86.

On August 21, Open Source Securities gave Kuaishou a Buy rating.

On August 21, Soochow Securities gave Kuaishou a buy rating.

On August 21, Pudong Bank International gave Kuaishou a buy rating with a target price of HK $53.00.

On August 21, Kuaishou was given a Buy rating.

On August 21 (), Kuaishou was given a buy rating with a target price of HK $60.90.

On August 20, Kuaishou was given a Buy rating.

On August 20, Sinolink Securities gave Kuaishou a buy rating.

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