<p>Morgan Stanley stated that it is confident in Meituan's long-term moat in the food delivery sector, but it expects short-term profit margins to face pressure, especially as new initiatives such as expansion in Brazil will lead to increased losses. The firm also lowered the company's target price. Morgan Stanley has reduced Meituan's target price from HKD 200 to HKD 160, maintaining an overweight rating</p>

MPNGY

03690

<p>Morgan Stanley stated that it is confident in Meituan's long-term moat in the food delivery sector, but expects short-term profit margins to face pressure, especially as new initiatives such as expansion in Brazil will lead to increased losses. The firm also lowered the company's target price. Morgan Stanley reduced Meituan's target price from HKD 200 to HKD 160, maintaining an overweight rating</p>

Zhitong

Meituan

MEITUAN

Morgan Stanley

Morgan Stanley: Meituan's short-term profit margins are expected to be under pressure, and expansion in Brazil may lead to increased losses in new businesses

摩根士丹利：美團短期利潤率料承壓 巴西擴張或導致新業務虧損擴大

摩根士丹利：美團短期利潤率料承壓巴西擴張或導致新業務虧損擴大