CICC: Raises Meituan-WR's target price to HKD 228, maintains "Buy" rating

Zhitong
2024.10.16 02:40

CICC International released a report stating that the target price for Meituan-W has been reasonably raised to HKD 228, maintaining a "buy" rating. The bank believes that the current price of Meituan corresponds to a P/E ratio of 25 times/20 times for 2024/25, leading the industry. Moreover, Meituan holds a leading position in the instant retail and delivery industry in mainland China, with a high online penetration rate in food delivery services

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