Morgan Stanley cut Kuaishou (01024.HK) rating to Equal-weight from Overweight and lowered its target price to HKD 40 from HKD 65, citing a halved full-year profit guidance and no inflection point expected for at least several quarters; MS cut core profit forecasts by 43–71%, projecting 2026–2027 core earnings of CNY 14 billion and CNY 10 billion respectively.

Jin1008/20, 03:22 PM