Jefferies Adjusts Meituan's Price Target to HK$215 From HK$270, Keeps at Buy

MT NewswiresMar 24 05:05 ET · Ratings

Nomura Adjusts Meituan's Price Target to HK$200 From HK$212, Keeps at Buy

MT NewswiresMar 24 05:05 ET · Ratings

Meituan 2024: Unleashing synergy effects, clarifying the "proactive offensive" AI strategy.

Wang Xing emphasized in the Earnings Reports meeting, "Ultimately, our mission has always been to help everyone eat better and live better. We have built considerable infrastructure in the physical world and achieved digital connectivity. We believe that as we enter the AI era, this infrastructure will be extremely valuable."

Gelonghui FinanceMar 24 04:23 ET

[Brokerage Focus] BOCOM INTL maintains a Buy rating on Meituan (03690), indicating its business growth is steady.

Jinwu Financial News | BOCOM INTL Research Reports indicate that Meituan (03690) will see a 20% year-on-year increase in revenue for Q4 2024, with core Business and new Business growing by 19% and 23% respectively. The adjusted operating profit margin for core Business is 20%, which is up 5.1 percentage points year-on-year, thanks to a decrease in user subsidies and improved operational efficiency. New Business is expected to incur an operating loss of 2.2 billion yuan, a year-on-year reduction, but an increase quarter-on-quarter due to increased overseas investment in Keeta and seasonal impacts from Bike Sharing and power bank businesses. Looking ahead, the bank expects the company's overall revenue growth rate to be 17% in 2025, with core Business growing by 17% and new Business by 18%.

King Wu Financial NewsMar 23 22:05 ET

Goldman Sachs: Initiates a Buy rating on MEITUAN-W (03690) with a Target Price of 200 HKD.

The bank believes that the profitability of the delivery Business may exceed expectations (the pre-tax profit per order has increased year-on-year).

Zhitong FinanceMar 23 22:03 ET

Express News | Shares of Meituan Down 5%

ReutersMar 23 21:36 ET