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Zhitong
2024.10.17 07:24

CICC: Maintains Buy Rating on Meituan-W with a Target Price of HKD 228.00

CICC Securities has released a report, giving Meituan-W a "buy" rating with a target price raised to HKD 228.00. The report points out that Meituan maintains a leading position in the instant retail and delivery industry, and its diversified products in the food delivery business meet user demands. Despite facing competition in flash sales, there is a large market space. The impact of competition in the local life service market on Meituan is manageable, with an expected adjusted net profit growth rate of 78%/25% in 2024/25, maintaining a buy rating

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