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Morgan Stanley said Kuaishou (01024.HK) halved its full-year profit guidance and that a turnaround is unlikely for several quarters, prompting a downgrade from Overweight to Equal-weight and a target price cut to HK$40 from HK$65. The bank cut earnin

2026-08-20

Morgan Stanley said Kuaishou (01024.HK) halved its full-year profit guidance and that a turnaround is unlikely for several quarters, prompting a downgrade from Overweight to Equal-weight and a target price cut to HK$40 from HK$65. The bank cut earnings forecasts by 43-71% and now expects core earnings of RMB14.0bn in 2026 and RMB10.0bn in 2027 to reflect the revised guidance.

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2026-08-20

Indian government data: infrastructure output rose 5.4% YoY in July; April–July infrastructure output up 4.3% YoY.

Indian government data: infrastructure output rose 5.4% YoY in July; April–July infrastructure output up 4.3% YoY.
2026-08-20

Bahrain's Ministry of the Interior: Bahrain and the UK Home Office held a joint security working group meeting.

Bahrain's Ministry of the Interior: Bahrain and the UK Home Office held a joint security working group meeting.
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