First Shanghai: Maintain a "buy" rating on Meituan-W (03690) with a target price of HK$220.

First Shanghai stated that in the future, Meituan takeout and local life are expected to continue to release operational profits.

Zhitong FinanceDec 3 04:00 ET

[Brokerage Focus] Guosen maintains "outperform the market" rating for Meituan (03690), pointing out that the overseas Keeta losses in the third quarter are relatively limited.

Jingu Finance News | Guosen Securities released a research report, stating that Meituan (03690) achieved a revenue of 93.58 billion yuan/+22.4% in the third quarter, with a net income of 12.83 billion yuan/+258.0%, and an adjusted net income of 12.83 billion yuan/+124.0%; all exceeding Bloomberg's consensus forecast (revenue/net income/adjusted profit estimate of 91.99/9.41/11.66 billion yuan), outstanding operational performance mainly driven by good growth in core local business revenue, year-on-year improvement in operating profit margin, and accelerated reduction in losses from new business. The bank pointed out that in the third quarter, the company's new business

Jinwu Financial NewsDec 3 03:30 ET

Zephirin Adjusts Meituan's Price Target to HK$148 From HK$123, Keeps at Buy

MT NewswiresDec 3 02:02 ET · Ratings

Market Chatter: Meituan's Keeta Food Service to Expand Middle East Presence

MT NewswiresDec 3 01:25 ET

Sheng Wenming, the founder of Qi Xiao Luo Luo Snail Powder: open 24 hours, starting delivery, dining in, retail, and other diversified layouts.

According to Sina Finance, the number of 24-hour operating small stores is rapidly increasing. Many dining chain brands are breaking through bottlenecks by operating 24 hours to expand consumer scenarios. Recently, in an interview, Sheng Wenming, the founder of Qixiaoluo Luosifen, stated, "In the future, Qixiaoluo aims to fully operate 24 hours a day, while also diversifying its layout, transforming the brand into a hexagonal warrior with strong capabilities in product, scenario, marketing, supply chain, digitalization, and organizational strength." Fresh rice noodles are prepared on-site, and the fresh snail chicken soup is available for a limited time, with an average consumer spending of just over ten yuan. Qixiaoluo Luosifen, operating 24 hours a day, is well-received on social platforms due to its value for money.

Sina FinanceDec 2 22:27 ET

[Hong Kong Stock Connect] Meituan (03690) fell by 3.7%. Magli cut its target price by 3.8%. It is expected that the expansion of Keeta in Saudi Arabia will result in significant operating losses.

Jingu Financial News | Meituan (03690) morning stock price continues to probe lower, as of the draft, down 3.7%, at 161.2 Hong Kong dollars, turnover of 2.758 billion Hong Kong dollars. Morgan Stanley's report stated that Meituan's performance in the third quarter was stable, but there may be short-term fluctuations. In terms of new business, Morgan Stanley believes that the losses of Meituan's preferred will continue to narrow, but at the same time, it is expected that Keeta's expansion in Saudi Arabia will generate significant operating losses in the coming periods. Morgan Stanley has lowered its adjusted EBITDA forecast for Meituan for this year and next year by 7% to account for the drag on profit margins from overseas expansion. However, it remains positive on the core business growth of Meituan.

Golden Guardian Financial NewsDec 2 22:09 ET