** Shares of Chinese short video platform Kuaishou Technology 1024.HK climb 3.1% to HK$53.25, their highest levels since May 14
** Stock on track for a third straight session of gains and is top pct gainer in the Hang Seng Tech Index .HSTECH, which adds 0.5%
** Nomura upgrades Kuaishou to "buy" from "neutral" and lifts TP to HK$63 from HK$55, on positive earnings outlook and undemanding valuation
** Many of the big internet platforms have engaged in a new round of competition, which has dented their earnings outlook. However, Kuaishou is one of the few in our coverage universe that is still able to deliver steady earnings growth and offer good earnings visibility - Nomura
** HSBC maintains "buy", expressing increased confidence that the company's core business can meet its 2025 growth targets, while noting greater clarity in its advertising outlook
** The Hang Seng Commerce & Industry Index .HSNC and the Hang Seng Index .HSI both gain 0.3%
** YTD, stock up 28.6%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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