Morgan Stanley released a research report stating that it gave Kuaishou-W (01024.HK) an “additional” rating, with a target price of HK$70. On China's Best Business Day, the company expects an annual increase of 20% in advertising revenue, a 25% annual increase in total e-commerce product transaction volume (GMV), and an annual increase of more than 60% in adjusted net profit. Kuaishou has implemented a HK$4 billion repurchase plan of about HK$3 billion. The current repurchase plan may be fully implemented in June, and a new, larger repurchase may be announced at that time.