Kuaishou's Shares Are Undervalued, Morningstar Says -- Market Talk
Dow Jones
Jul 14
0334 GMT - Kuaishou Technology's increased revenues should drive meaningful margin expansion given the platform's high fixed-cost structure, Morningstar analyst Ivan Su writes in a note. The shares are undervalued, trading at around 30% discount to the brokerage's valuation, Su adds. In the long term, there could be some risks that Tencent's video accounts will erode Kuaishou's user base, he notes. Morningstar raises its fair value estimate to reflect Kuaishou's operating leverage, to HK$100 from HK$80. Shares were last at HK$64.75.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 13, 2025 23:34 ET (03:34 GMT)
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