External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Kuaishou (1024 HK): Why Did the Market React Mutedly to Its Strong Profit Alert?

[Kuaishou (1024 HK, SELL, TP HK$50) Earnings Review]: Fair Numbers Hide Risks

[Kuaishou (1024 HK, BUY, TP HK$78) TP Change]: Refined Operation Supports Sustainable Growth

Equity Bottom-Up

<ul><li>Kuaishou would deliver another upbeat results in 2Q23E, with stronger topline (+26% YoY) and bottom line (RMB1.4bn).</li><li>Given eye-catching 618 sales, KS ecommerce is expected to outperform with GMV/rev +34%/55% YoY (vs. prior +30%/50%).</li><li>We expect further ecommerce upside from shelf-based mall and higher traffic efficiency with Chuanliu Plan and upgraded ecosystem. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Kuaishou would deliver another upbeat results in 2Q23E, with stronger topline (+26% YoY) and bottom line (RMB1.4bn).Given eye-catching 618 sales, KS ecommerce is expected to outperform with GMV/rev +34%/55% YoY (vs. prior +30%/50%).We expect further ecommerce upside from shelf-based mall and higher traffic efficiency with Chuanliu Plan and upgraded ecosystem. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kuaishou (1024 HK) – Share gain to continue with earnings upside

Kuaishou Technology

Kuaishou (1024 HK) – Share gain to continue with earnings upside