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大行评级|大摩:对美团核心盈利能力持较乐观的看法 目标价为120港元

The investment rating of the bank: Morgan Stanley holds a relatively optimistic view on Meituan's core profitability and sets a target price of HKD 120.

Gelonghui Finance ·  Aug 2 01:44

According to a report published by Morgan Stanley, considering the improvement in the economic efficiency of food delivery units and the recovery in in-store profits due to stable competition, they are optimistic about Meituan's core profitability and maintain a “in sync with the market” rating. The target price is HK$120. Damo expects Meituan's core local business revenue for the second quarter to be 60.5 billion yuan, an increase of 18% year-on-year; operating profit will be 12.8 billion yuan, an increase of 15% year-on-year. As losses from new businesses continue to narrow, total revenue is expected to be $81.3 billion, up 19.7% year-on-year, and non-IFRS operating profit of $10.8 billion.

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