China's East Buy May Benefit From Improved Sales -- Market Talk

Dow Jones04-23

0729 GMT - Chinese livestreaming company East Buy may benefit from improved sales, according to Daiwa analysts. East Buy's gross merchandise value on Douyin continues to improve after the Lunar New Year, they say in a note. That is helped by the firm's new accounts on Douyin selling home furnishings, snacks, fast food and other products, the analysts say. Daiwa lifts its FY 2026-27 earnings per share forecasts by 3%-6%, thanks to better gross merchandise value and gross margins. It keeps an outperform rating on the stock, citing the sales recovery, and slightly raise the target price to HK$30.00 from HK$29.00. Shares last traded at HK$27.88. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 23, 2026 03:29 ET (07:29 GMT)

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