S&P Ratings raises the outlook for $MEITUAN-W (03690.HK)$ to...

Spinee wrote a post · Apr 18 20:51

S&P Ratings raises the outlook for $MEITUAN-W(03690.HK)$ to positive, as the food-delivery giant plans to narrow losses in its new business and better financial discipline could improve profitability and cash flow visibility.

S&P's base case assumes adjusted EBITDA will grow more than 40% to 36 billion yuan in 2024, largely aided by lower losses at Meituan Select, the community group buying business.

$Hang Seng Index(800000.HK)$ $Hang Seng TECH Index(800700.HK)$ $Meituan ADR(MPNGY.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$

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