Quick Hand (1024wwtbam.HK) Adjusted net profit rose 103 times in the previous quarterwwtbam, reaching 4.4 billion yuanwwtbam, higher than market expectations of 3.2 billion yuan, compared with 42 million yuan in the same period last year. Daiwa issued a report confirming the "Buy" rating on Fast Hand and raising its target price from HK$85 to HK$90.

Daiwa raised its earnings per share forecast for this year and next by 3% to 8% to reflect future improvements in operating leverage and efficiency. The company's revenue in the first quarter was roughly in line with expectations, while profits were 37% higher than market expectations. Daily active users and monthly active users increased by 5% and 7% year-on-year. The average daily usage time of daily active users still reached 129 under the seasonal influencewwtbam.5 minutes. The bank expects that with the diversification of content supply, fast-hand daily active users will reach 400 million this quarter; it believes that the accelerated growth of foreign advertising and the progress of shelf e-commerce will be short-term business catalysts.