Kuaishou Technology Watchlist
Kuaishou (1024 HK): Right Decision to Cut Costs, Still 20% Upside After 13% Rise
169 Views, 21 Jan 2022 09:50
- The stock price has risen 13% since our last note, but we still believe there is an upside of 21%.
- The company is cutting employee benefits, from housing allowance to afternoon tea.
- We believe the operating loss will shrink significantly in the following two years.