China TMT Update (Apr.26) - 3690HK/ 1024HK/NIO/LEGN:Douyin Launches Local Services Conference
3690HK/1024HK: Douyin launches local services partner conference (-);NIO: Wait times for NIO ES7 shortened to 3 weeks (-);LEGN: Legend Bio...
[Kuaishou (1024 HK, SELL, TP HK$45) Target Price Change]: Competition Intensifies from Major Players
Maintain SELL rating and cut TP to HK$ 45 to reflect intensifying competition landscape. Our TP implies 1.8X PS/221X PE in 2023.
Kuaishou (1024 HK) – Stronger 1Q23E on better ecommerce & LS
Despite macro challenges and competition, we expect Kuaishou to deliver upbeat 1Q23E, with stronger ecommerce & livestreaming (LS) and better...
HK Short Interest Weekly: Li Auto, Wuxi Bio, Baba, Tencent, Sensetime
We analyzed the latest HK SFC report for aggregate short position as of Apr 14th and highlight short interest changes in Li Auto, Wuxi Bio, Baba,...
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