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MEITUAN-W (03690.HK) plans to hold a Board of Directors meeting on March 21 to approve the annual performance.
Gelonghui, on March 11, announced that MEITUAN-W (03690.HK) has scheduled a Board of Directors meeting on March 21, 2025 (Friday) to consider and approve the group's full-year performance for the year ending December 31, 2024, as well as to address Other matters.
Date of Board Meeting
【Brokerage Focus】Citigroup: Deliveroo exits Hong Kong, Meituan Keeta is expected to capture market share, maintaining a "Buy" rating for Meituan.
Jinwo Cai News | Citibank released a research report indicating that the takeaway platform Deliveroo is withdrawing from the Hong Kong market ahead of schedule, and this change is very Bullish for Keeta, a subsidiary of Meituan (03690). With Deliveroo's exit, the competitive landscape of the Hong Kong takeaway market is being reshaped, and Keeta is likely to capture more market share, thereby narrowing the gap with Foodpanda. Citibank predicts that in the coming months, Keeta and Foodpanda will each hold 50% of the Hong Kong market, creating a dual oligopoly.
Citi: Maintains MEITUAN-W (03690) "Buy" rating with a Target Price of 200 HKD.
With the recent launch of coupon packages, the bank believes this will help Keeta improve its working capital situation, stimulate higher ordering frequency, and increase user stickiness.
