Jeffery: the result of the lawsuit between Epic and Apple Inc is largely the victory of the latter.

KyleMcNealy, an analyst at Jefferies, said that the gaming mall Epic is in line with$Apple Inc (AAPL.US) $The trial result of the lawsuit is not only the victory of Apple Inc to a large extent, but also an important recognition of the AppStore business model.

But he also pointed out that the court ban on Apple Inc would have a negative impact, specifically affecting Apple Inc's 1 per cent revenue and 4 per cent EPS after 2023. However, the impact of the ban will not be felt until the June quarter of 2022 at the earliest. The bank maintains Apple Inc's "buy" rating, with a target price of $175.

As of press time, Apple Inc rose 0.18% to US $149.82 before trading.

Credit Suisse: live e-commerce is becoming the norm, Pinduoduo is the first choice for the industry.

According to a research report issued by Credit Suisse, live e-commerce is becoming the norm and is expected to grow at a compound annual rate of 70% from 2020 to 2023, reaching 4.7 trillion yuan, as the penetration rate rises to 27%. Douyin and Kuaishou Technology, both live-based platforms, estimate that they will achieve 10 per cent of the ecommerce market share by 2023, putting pressure on the real yield of existing market participants and gross margins in the long run.

The preferred line is$Pinduoduo (PDD.US) $, it is also believed that$JD.com (JD.US) $Can provide profit visibility and lower regulatory risk, while$Kuaishou Technology-W (01024.HK) $Risk returns are good and change the existing upside. In addition, the bank will$BABA-SW (09988.HK) $The target price was lowered from HK $226 to HK $218, maintaining the "outperform" rating as the Group continued to face competition.

As of press time, it fell more than 1% to US $102.98 before trading.

Credit Suisse: first give Kuaishou Technology an "outperform" rating, with a target price of HK $135m

Credit Suisse released a research report that first gave Kuaishou Technology an "outperform" rating with a target price of HK $135, referring to it as the second largest short video platform in the mainland, with a monthly active user base of more than 510 million. Kuaishou Technology provides attractive value to his community, a recovery in user growth and a significant upside, with revenue expected to grow at a compound annual rate of 31 per cent between 2020 and 2023.

Kuaishou Technology's user growth is expected to accelerate in the second half of this year, due to the results of content investment and architecture upgrading, the report said. It is expected that the average number of daily active users of the Kuaishou Technology app from 2021 to 2023 reached 313 million, 335 million and 365 million respectively.

Credit Suisse said that the advertising business is expected to promote Kuaishou Technology's medium-term growth, the total e-commerce platform transaction volume continues to expand, while streaming continues to be a stable cash bull. The bank said that pay attention to the short-term regulatory uncertainty caused by data security, but Kuaishou Technology is expected to focus on private traffic is less affected.

The bank believes that Kuaishou Technology's risk and return is attractive, and the stock price adjustment has reflected short-term user growth and realization slower than expected. The gradual shift towards break-even of local business and the recovery of user growth are expected to be a catalyst for valuation revaluation.

Kuaishou Technology closed down more than 2% at HK $97.7 today.

Kuaishou Technology's stake in Credit Suisse rose to 0.05 per cent as of September 13, according to Niuniu data.