HK-listed Kuaishou falls most in 3 weeks; brokers trim TP after results

** Shares of online marketing and live streaming services provider Kuaishou Technology fall 12.5% to HK$67.80, their biggest intraday percentage decline since Aug 5

** Shares extend losses for a second session; stock is the third-biggest percentage decliner on Hang Seng Tech Index and the seventh-biggest on the Hang Seng Composite Index

** Beijing-based Kuaishou said its adjusted net loss widened to 4.77 bln yuan ($736.2 mln) for the quarter ended June, from a loss of 1.94 bln yuan in the year-ago period, but revenue rose 48.8% to 19.14 bln yuan

** Brokerage Nomura maintains "buy" rating on the stock, but lowers TP to HK$95 from HK$273, saying Kuaishou's Q2 revenue and net margin beat street consensus while live broadcasting service remained a weak link with revenue down 14% year-on-year

** Jefferies maintains "buy" on the stock, but trims TP to HK$137 from HK$162 to factor in risks including slower-than-expected growth in user base amid competition, softer-than-expected advertising growth amid macro-headwinds and stringent regulation

** The Hang Seng Tech Index falls 1.3% and the Hang Seng Composite Index drops 1%

** The Hang Seng China Enterprises Index declines 1.3% and the benchmark index eases 1%