Kuaishou Technology

Kuaishou (1024 HK): Right Decision to Cut Costs, Still 20% Upside After 13% Rise

Equity Bottom-Up
169 Views, 21 Jan 2022 09:50
EXECUTIVE SUMMARY
  • 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.
detail (3-minute read)
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Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

A veteran with 19-year experience in equity research. Geographical coverage: * Companies operating in China, but listed... 

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