CICC: Raise the target price of Kuaishou to HK$89 and have a positive outlook on the AI sector's valuation premium.

According to a report from CICC, the performance of Kuaishou in the second quarter exceeded expectations, and its artificial intelligence ecosystem is expected to continue to upgrade, possessing valuation premium. The target price was raised by 11% to 89 Hong Kong dollars, and the "outperform industry" rating was maintained.