CICC: Maintains Buy Rating on Meituan-W with a Target Price of HKD 228.00

Zhitong
2024.10.17 07:24

CICC Securities has released a report, giving Meituan-W a "buy" rating with a target price raised to HKD 228.00. The report points out that Meituan maintains a leading position in the instant retail and delivery industry, and its diversified products in the food delivery business meet user demands. Despite facing competition in flash sales, there is a large market space. The impact of competition in the local life service market on Meituan is manageable, with an expected adjusted net profit growth rate of 78%/25% in 2024/25, maintaining a buy rating

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.