GF Securities: Digital scenarios continue to penetrate combined with technology-driven, Internet plus-related begins to search for new growth points

Internet-related companies are beginning to search for new growth points, different from the past blindly contracting and cost reduction, in the future may invest reasonably, actively embrace new changes. Business models continue to evolve iteratively, go global, and AI.

Zhitong FinanceDec 4 03:37 ET

[Brokerage Focus] Huachuang Securities maintains a "recommend" rating on Meituan (03690), pointing out that the revenue growth of new businesses slightly exceeds expectations.

Jingu Finance News | Huachuang Securities released a research report stating that Meituan (03690) achieved revenue of 93.6 billion yuan in Q3 2024, with a year-on-year growth of +22.4%; achieved an operating profit of 13.7 billion yuan, with a year-on-year growth of +307.5%; achieved adjusted EBITDA of 14.5 billion yuan, with a year-on-year growth of +135%; achieved adjusted net income of 12.8 billion yuan, with a year-on-year growth of +124%. Immediate delivery orders in Q3 reached 7.078 billion, with a year-on-year growth of +14.5%; core local business in Q3 achieved an income of 69.4 billion yuan, with a year-on-year growth of +20%, and achieved an operating profit of 14.6 billion yuan, with a year-on-year growth of +44%; new business.

Golden Guardian Financial NewsDec 4 02:38 ET

Major rating ｜ Daiwa Capital Markets: Prefer stocks that benefit from domestic demand or policy support, including Meituan, Mengniu, Tencent, and Trip.com in the 'buy' list.

Dahua Jixian's report pointed out that looking ahead, the bank expects that with Trump returning to the White House, the tension between China and the US may escalate, and Trump's inclination to increase tariffs may bring unfavorable factors. Therefore, the bank prefers stocks related to domestic demand or benefiting from policies, and has included Meituan, Mengniu, Tencent, and Ctrip in the "buy" list. Regarding Meituan, the bank is bullish on the continuous expansion of its food delivery business market share, the increase in penetration rate of its fresh e-commerce business, and the synergistic effects with core business and new measures; with a target price of 222 Hong Kong dollars. As for Mengniu, the bank believes that the balance between supply and demand of raw milk will be achieved by the mid-2025, and the status of channel inventory

Gelonghui FinanceDec 4 00:09 ET

Meituan's Profitability Likely to Improve -- Market Talk

WSJDec 3 22:53 ET

Meituan Q3 financial report: Behind the steady growth of core business, how to promote ecological win-win.

Recently, Meituan released its performance report for the third quarter of 2024. The financial report shows that Meituan achieved revenue of 93.6 billion yuan in the third quarter, a year-on-year increase of 22.4%. Meituan's stock price has already achieved a cumulative increase of over 100% this year, demonstrating strong market confidence in Meituan's future development, and indirectly confirming the significant achievements Meituan has made in improving efficiency and optimizing its business structure. Meituan CEO Wang Xing stated: 'We will continue to meet user needs, support merchants' operations, care for and assist the development of delivery riders, and achieve win-win outcomes with our ecological partners.' Synergistic effects are strengthening, and core business remains stable.

Sina TechnologyDec 3 21:56 ET

Hong Kong stock movements | Meituan-W (03690) rose nearly 3% during the session. The company's third-quarter performance is impressive, and Morgan Stanley indicates that there is still room for the stock price to rise.

Meituan-W (03690) rose nearly 3% during intraday trading. As of the time of writing, it increased by 2.24% to 169.2 Hong Kong dollars, with a turnover of 2.729 billion Hong Kong dollars.

Zhitong FinanceDec 3 21:43 ET