美团股价今日表现与近日公布数据有关。根据国家统计局数据，10月份社会消费品零售总额45396亿元，同比增长4.8%，增速比上月加快1.6个百分点。其中，除汽车以外的消费品零售额40944亿元，增长4.9%。1—10月份，社会消费品零售总额398960亿元，同比增长3.5%。其中，除汽车以外的消费品零售额359039亿元，增长3.9%。
① What is the reason for today's rebound in Meituan's stock price? ② Why has morgan stanley raised Meituan's target price?
Financial Associated Press reports on November 15 (Editor Hu Jiarong) recently $MEITUAN-W (03690.HK)$ continues to weaken, with the company's cumulative decline exceeding 15% between November 8 and 14. Morgan Stanley has recently raised its target price for next year, reaching as high as 300 Hong Kong dollars.
Meituan's stock price has slightly rebounded today, currently around 170 HKD, indicating about a 40% potential upside compared to the target price given by morgan stanley.
The performance of Meituan's stock price today is related to recently published data. According to the National Bureau of Statistics, the total retail sales of consumer goods in October reached 4,539.6 billion yuan, a year-on-year increase of 4.8%, accelerating by 1.6 percentage points compared to the previous month. Among this, the retail sales of consumer goods excluding autos were 4,094.4 billion yuan, growing by 4.9%. From January to October, the total retail sales of consumer goods reached 39,896 billion yuan, a year-on-year increase of 3.5%. Of this, the retail sales of consumer goods excluding autos amounted to 35,903.9 billion yuan, growing by 3.9%.
Institutions expect that Meituan is likely to reach 300 HKD next year, with a potential increase of 40%.
morgan stanley published a report indicating that Meituan is the fastest-growing company in terms of operating profit among the internet plus-related stocks covered by the firm in china, maintaining a "shareholding" rating and a target price of 215 HKD, while raising the target price for the best-case scenario next year to 300 HKD (previously 290 HKD).
The bank also pointed out that Meituan is projected to achieve an average compound annual growth rate of 36% in operating performance from 2024 to 2026, going against the trend. In the base scenario, Meituan has the fastest coverage in china's internet, seizing a 2 trillion retail opportunity, including an increase of 20 billion yuan in operating profit by 2030, which is equivalent to 67% of the operating profit from the takeaway business in 2024.
morgan stanley believes that Meituan still has growth advantages despite the economic slowdown. Currently, Morgan Stanley thinks that Meituan has a good chance of reaching the most bullish target price of 300 Hong Kong dollars next year.
Editor / jayden
