Bank of America has issued a research report reiterating its "Buy" rating on Kuaishou-W (01024) and maintaining a target price of HK$94. The report suggests that market concerns regarding competition may be excessive. The bank anticipates that Kuaishou's performance for the fourth quarter of 2025 will align with expectations and has upheld its previous forecasts. It projects a 10% year-on-year revenue increase to RMB 38.9 billion and a 15% year-on-year rise in adjusted net profit to RMB 5.4 billion. Advertising and e-commerce revenues are expected to grow by 13% and 17% year-on-year, respectively. Revenue from the Kling business is forecasted to reach RMB 370 million in the fourth quarter, surpassing the earlier projection of RMB 330 million.
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