Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Axes MEITUAN-W's TP to HKD160, Estimates 2Q25 Food Delivery OP to Sink 24% YoY
Recommend 20 Positive 26 Negative 7 |
||||
|
||||
|
Morgan Stanley has issued a report expecting MEITUAN-W (03690.HK) to maintain a 10.5% growth rate in food delivery transaction volume in 2Q25, yet it will also record a decline in operating profit due to intensifying industry competition. Nevertheless, Morgan Stanley remained confident in the long-term "moat" of MEITUAN-W's food delivery business, though it predicted that short-term profit margins would face pressure and new initiatives in FY25, especially expansion into the Brazilian market, would deepen losses. Morgan Stanley forecasted MEITUAN-W's 2Q local services revenue to grow by 10% YoY to RMB67 billion, while its operating profit would drop by 15% YoY to RMB12.9 billion. The broker lowered its target price from HKD200 to HKD160. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
