Jefferies expects total commodity transaction volume (GMV) growth of 29% during the Kuaishou-W (01024) quarter.
The Zhitong Finance App learned that Jefferies released a research report saying that maintaining the Kuaishou-W (01024) “buy” rating, it continues to expect first-quarter revenue to rise 15% year-on-year to RMB 29 billion, and non-IFRS (non-IFRS) profits to reach RMB 3.1 billion, with a target price of HK$78.
According to the report, the company's gross margin is expected to increase by about 6 percentage points to about 52% during the period. By business classification, the bank expects the Group's total commodity transaction volume (GMV) to increase by 29% during the quarter, online sales to increase 26% to RMB 16.4 billion, and other revenue to increase by about 40%. Among them, e-commerce revenue is expected to increase by 41%, driven by commission revenue.