花旗相信，美团第三季业绩表现主要受到店、旅游及闪购需求推动，亦受惠于有纪律性的支出及经营杠杆，料单位经济效益及利润好于预期。据该行估算，美团第三季经调整纯利138亿元人民币；总收入同比升20%至919亿元人民币。第四季则料经调整纯利112.5亿元人民币；总收入同比升18.3%至872亿元人民币。Meituan-W (03690) rose nearly 4%. As of press release, it rose 3.83% to HK$170.6, with a turnover of HK$3.255 billion.
The Zhitong Finance App learned that Meituan-W (03690) rose nearly 4%. As of press release, it had risen 3.83% to HK$170.6, with a turnover of HK$3.255 billion.
According to the news, Meituan will hold a board meeting on November 29 (this Friday) to consider and approve the unaudited financial results for the third quarter of 2024. Nomura released a research report stating that Meituan's third-quarter revenue is expected to increase 20% year-on-year, in line with market expectations; non-GAAP net profit increased 111% year over year, 3% higher than market expectations, mainly due to improvements in the profitability of core businesses. Meanwhile, profits from core local commercial operations are expected to increase 37% year over year. The bank raised Meituan's target price from HK$151 to HK$224, reaffirming the “buy” rating.
Citi believes that Meituan's third-quarter performance was mainly driven by demand for stores, travel and flash sales, as well as disciplined spending and operating leverage. It is expected that the unit's economic benefits and profits were better than expected. According to the bank's estimates, Meituan's net profit for the third quarter was adjusted to 13.8 billion yuan; total revenue increased 20% year over year to 91.9 billion yuan. In the fourth quarter, net profit is expected to be adjusted to RMB 11.25 billion; total revenue rose 18.3% year over year to RMB 87.2 billion.
