智通财经网·2026-01-22 02:40Group 1 - The core viewpoint of the report is that Kuaishou-W (01024) has a long-term optimistic trend and strong valuation attractiveness, leading to a "Buy" rating with a target price of HKD 100, indicating a potential upside of 32% [1] - The report forecasts that Kuaishou's adjusted net profit will grow by 12% and 15% year-on-year in 2026 and 2027, reaching RMB 23.1 billion and RMB 26.5 billion respectively, with core business revenue growth rates of 12% and 9% for advertising and e-commerce [1] - The report suggests that if AI further enhances commercialization, Kuaishou's main business could be revalued, with its subsidiary Kuaishou's market valuation generally ranging from 20 to 30 times sales, which is attractive compared to peers listed in Hong Kong and leading AI companies in the US [1] Group 2 - The report anticipates that Kuaishou's subsidiary Kuaishou will achieve revenues of RMB 1.05 billion, RMB 1.85 billion, and RMB 2.6 billion from 2025 to 2027 [1]