China's Kuaishou rises most in 7 weeks after third-quarter results

Kuaishou Technology

20/11/2025 03:16

** Shares of Chinese short video platform Kuaishou Technology 1024.HK rise 4.4% to HK$66.3, their biggest intraday pct gain since October 2

** Stock on track to snap five consecutive session of gains, and is second-biggest pct gainer in Hang Seng Tech Index .HSTECH, which is down 0.9%

** Kuaishou said its third-quarter adjusted net profit up 26.3% y/y at 4.986 billion yuan ($700.56 million) and revenues up 14.2% y/y at 35.55 billion yuan

** Jefferies maintains "buy" on the stock saying Kuaishou's  3Q revenue in line and non-IFRS beating expectations

** Citi keeps "buy" saying it view Kuaishou's results as decent with inline GMV (gross merchandise volume) and revenue while adjusted operating profit ahead of expectation

** Nomura, with "buy" rating, trims target price to HK$77 from HK$90, saying 3Q25 earnings beat expectations on higher margins but 4Q25E revenue guidance slightly below consensus

** YTD, stock up 53.6%, benchmark Hang Seng Index .HSI   up 28.8%

($1 = 7.1172 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))