Kuaishou's E-Commerce Business Needs New Growth Driver, Nomura Says -- Market Talk

Dow Jones05-24

0901 GMT - Kuaishou needs a new driver for its livestreaming e-commerce business to stimulate further growth, despite an overall positive earnings outlook, Nomura analysts Jialong Shi and Rachel Guo say in a research note. They think the livestreaming e-commerce sector is nearing saturation and is highly competitive. Further, tech giant Tencent appears keen to penetrate the sector, which would pose risks for Kuaishou, they say. Nomura raises its 2024 earnings forecast for the Chinese short-video platform by 6% after the company's 1Q operating margin improved. Nomura revises up its target to HK$63.00 from HK$58.50 while maintaining a neutral rating on the stock. Shares closed 4.2% lower at HK$56.65. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

May 24, 2024 05:01 ET (09:01 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2437669088?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-24 17:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2437669088","market":"other","top_or_hot":-1,"title":"Kuaishou's E-Commerce Business Needs New Growth Driver, Nomura Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0901 GMT - Kuaishou needs a new driver for its livestreaming e-commerce business to stimulate further growth, despite an overall positive earnings outlook, Nomura analysts Jialong Shi and Rachel Guo say in a research note. They think the livestreaming e-commerce sector is nearing saturation and is highly competitive. Further, tech giant Tencent appears keen to penetrate the sector, which would pose risks for Kuaishou, they say. Nomura raises its 2024 earnings forecast for the Chinese short-video platform by 6% after the company's 1Q operating margin improved. Nomura revises up its target to HK$63.00 from HK$58.50 while maintaining a neutral rating on the stock. Shares closed 4.2% lower at HK$56.65. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 24, 2024 05:01 ET (09:01 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kuaishou's E-Commerce Business Needs New Growth Driver, Nomura Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKuaishou's E-Commerce Business Needs New Growth Driver, Nomura Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-24 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0901 GMT - Kuaishou needs a new driver for its livestreaming e-commerce business to stimulate further growth, despite an overall positive earnings outlook, Nomura analysts Jialong Shi and Rachel Guo ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NMR","symbol_name":"野村控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2437669088","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437669088","pubTimestamp":1716541260,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0901 GMT - Kuaishou needs a new driver for its livestreaming e-commerce business to stimulate further growth, despite an overall positive earnings outlook, Nomura analysts Jialong Shi and Rachel Guo say in a research note. They think the livestreaming e-commerce sector is nearing saturation and is highly competitive. Further, tech giant Tencent appears keen to penetrate the sector, which would pose risks for Kuaishou, they say. Nomura raises its 2024 earnings forecast for the Chinese short-video platform by 6% after the company's 1Q operating margin improved. Nomura revises up its target to HK$63.00 from HK$58.50 while maintaining a neutral rating on the stock. Shares closed 4.2% lower at HK$56.65. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81024":"快手-WR","NMR":"野村控股","BK4127":"投资银行业与经纪业","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","BK1610":"ETF&股票定投概念","BK1590":"短视频概念股","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BK1095":"互动媒体与服务","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","01024":"快手-W","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","BK1608":"元宇宙概念","BK4552":"Archegos爆仓风波概念","BK1575":"同股不同权","LU1720050803.USD":"安联全方位中国股票基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","BK1591":"就地过年概念"},"translate_title":"野村证券表示，快手的电子商务业务需要新的增长动力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81024":0.6,"NMR":1,"01024":0.9},"content_text":"0901 GMT - Kuaishou needs a new driver for its livestreaming e-commerce business to stimulate further growth, despite an overall positive earnings outlook, Nomura analysts Jialong Shi and Rachel Guo say in a research note. They think the livestreaming e-commerce sector is nearing saturation and is highly competitive. Further, tech giant Tencent appears keen to penetrate the sector, which would pose risks for Kuaishou, they say. Nomura raises its 2024 earnings forecast for the Chinese short-video platform by 6% after the company's 1Q operating margin improved. Nomura revises up its target to HK$63.00 from HK$58.50 while maintaining a neutral rating on the stock. Shares closed 4.2% lower at HK$56.65. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 24, 2024 05:01 ET (09:01 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437669088"}