The Hang Seng Index may undergo a "major transformation" in December: Pop Mart and Kuaishou are expected to be included, bringing the number of constituent stocks back to 100.
Currently, the Hang Seng Index in Hong Kong includes 82 stocks, with the ultimate goal of expanding the number of constituent stocks to 100. Analysis suggests that the medical care industry is still the least represented industry in the Hang Seng Index, while consumer staples, discretionary items, real estate, and construction may receive higher weights in the review in the fourth quarter of this year.
Kuaishou spent 0.162 billion Hong Kong dollars on November 21 to buy back 3.452 million shares.
Kuaishou-W (01024.HK) announced on November 21st that it spent 0.162 billion Hong Kong dollars to repurchase 3.452 million shares on November 21st, with a repurchase price of 46.05-49.75 Hong Kong dollars per share.
According to reports, Owen Wu resigned from jd.com (09618.HK) after only joining for a few months.
"Leifeng Net" cited reports that alibaba's (09988.HK) former director of the search business, senior algorithm expert Owen Wu, joined jd.com (09618.HK) shortly after leaving Kuaishou (01024.HK) and resigned only a few months later, with an uncertain future career direction. Owen Wu was responsible for Taobao's personalized recommendation algorithm during his time at alibaba, known as the "man who understands Chinese women the most." He is in charge of the search and recommendation algorithm at jd.com. It is reported that jd.com's founder Richard Liu pays extremely close attention to management. Although there are several levels between Owen Wu and Richard Liu, he often has to face the pressure from Richard Liu."
"Goldman Sachs" has lowered the target price for Kuaishou (01024.HK) to 63 yuan, with external advertising growth being a highlight.
Goldman Sachs released a research report stating that Kuaishou (01024.HK) third-quarter performance generally met expectations, with revenue growing by 11% year-on-year and Non-IFRS net profit increasing by 24%. The performance of external advertising remains strong, benefiting from the increased demand for short dramas, which currently contribute 10% to external advertising, having doubled quarter-on-quarter. There is still significant growth potential for Kuaishou in terms of advertising technology and user conversion rates. The overall growth of the advertising business is expected to continue exceeding expectations, with forecasts indicating over 15% year-on-year growth in advertising business for the fourth quarter and next year. Goldman Sachs maintains a 'buy' rating, lowering the target price from 67 yuan to 63 yuan.
Research Reports for Capitalizing｜htsc: Maintains a "buy" rating for Kuaishou, expecting the company's profits to continue improving.
HTSC's report stated that Kuaishou's third-quarter revenue increased by 11.4% to 31.1 billion yuan, in line with market expectations. The gross margin improved by 2.6 percentage points to 54.3% year-on-year, while adjusted net income increased by 24.4% to 3.95 billion, which is generally as expected. Looking ahead to the fourth quarter, HTSC expects Kuaishou's total revenue to grow by 10% year-on-year, with advertising revenue and GMV growth rates at 15% and 14% respectively. The adjusted net income is expected to reach 4.81 billion. Kuaishou's e-commerce segment is benefiting from government subsidy policies, with strong performance in singles' day sales GMV. In the medium to long term, the company's profitability is expected to continue to improve. HTSC maintains a "buy" rating with a target price.
Major ratings | Jianyin International: Kuaishou's management stated that the performance of e-commerce GMV during the november 11 shopping festival-related is strong, rating "outperform the market".
On November 22, GTJA released a research report stating that Kuaishou's revenue for the third quarter increased by 11% year-on-year, with profit growth reaching 24%, and the gross merchandise value (GMV) growth being 15%, in line with expectations. Management pointed out that during the november 11 shopping festival-related period, the e-commerce GMV performed strongly, which should lead to the company's fourth quarter GMV growth aligning with the expected 14% increase. The firm expects the company's fourth quarter revenue to grow by 10% year-on-year, with advertising and other revenues increasing by 25% and 19% respectively. The gross margin is expected to rise by 1 percentage point year-on-year to 54.1%, and adjusted net profit is expected to increase by 7% year-on-year to 4.66 billion yuan, with quarterly net.