Hong Kong Stock Research News, on December 14, Goldman Sachs recently released a research report on Kuaishou, which detailed analysis of Kuaishou's revenue growth drivers, sustainability and profit margin improvement prospects in the next two years. It also gave Kuaishou a "top pick" rating with a target price of HK$88 over the next 12 months.
The report highlights the huge potential of Kuaishou's e-commerce business. As merchants continue to explore new channels for GMV growth, e-commerce category expansion has become a major trend. In particular, standard products, including electric home furnishings, accounted for 16% of Kuaishou's GMV in the third quarter. This means that Kuaishou's e-commerce platform still has enough room for category expansion to attract more brands and merchants to settle in.
In addition, Goldman Sachs analysts also pointed out that despite the increasingly fierce competition in the short industry, there are still differences between Kuaishou and platforms such as Douyin and ** in terms of content and user groups. This differentiated competition helps Kuaishou stabilize its market share and continue to attract different user groups.
Overall, Goldman Sachs is optimistic about the future development of Kuaishou, and the Hong Kong Stock Research Society will continue to pay attention to the latest developments of Kuaishou.