Everbright Securities released a research report stating that it maintains a 'buy' rating on Kuaishou-W (01024), considering that the profit in 24Q3 exceeded expectations, and slightly raised the adjusted net income forecast for 2024 to 17.6 billion yuan (a relative increase of +1.9% from the previous forecast). The company's ecosystem remains healthy, with growth potential in overseas and local lifestyle businesses, and the target price remains at 60.3 Hong Kong dollars. Kuaishou Technology achieved total revenue of 31.1 billion yuan in 24Q3, an increase of +11.4% year-on-year (compared to the consensus-year-on-year expectation of +11.1%); the adjusted net income was 3.95 billion yuan, slightly exceeding expectations (compared to the consensus of 3.91 billion yuan).