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<Research>JPM Reiterates KUAISHOU-W as Top Pick in CN Digital Entertainment w/ TP Mildly Raised to HKD71
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JPMorgan has released a report mildly lifting its target price for KUAISHOU-W (01024.HK) from HKD70 to HKD71 with an Overweight rating maintained, given the revenue from the company's Kling AI in 1Q25. In the management's estimates, online advertising revenue will accelerate to double-digit growth YoY in 2Q25, and the monetization progress of Kling AI will speed up. KUAISHOU-W's stock price mushroomed by 5% yesterday following its results announcement. In light of its lower degree of concentration in advertising and e-commerce, JPMorgan reiterated KUAISHOU-W as its top pick in China's digital entertainment sector. The broker expected the company to grow faster than the overall advertising market in the coming years. AAStocks Financial News |
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