MEITUAN-W (03690) has seen its business in Hong Kong (Keeta) grow steadily.
According to a research report released by Bank of America Securities, MEITUAN-W (03690) has seen its business in Hong Kong (Keeta) grow steadily. Despite the uncertainties surrounding investments in the Middle East, based on overseas expansion grounded in ROI, and with positive core business growth alongside overseas expansion potential, a 'Buy' rating is reiterated, maintaining a Target Price of HKD 200. MEITUAN's management emphasizes that the group's business growth and operating profit margin remain critical for the physical store segment, and in 2025, the focus will be on driving healthy business growth in in-store segment orders, revenue, and operating profit.
