Back    Zoom +    Zoom -
<Research>M Stanley Trims MEITUAN-W (03690.HK) TP to $135; ST Pain Persists
Recommend
24
Positive
34
Negative
29
Morgan Stanley published a report on MEITUAN-W (03690.HK), which was expected to incur an operating loss of RMB15 billion in its instant delivery business for 3Q25. The narrowing of losses in new businesses for 3Q25 was expected to be limited and disappointing.

Despite ongoing short-term profit pressures, the broker assumed that long-term competitiveness remains intact due to cost efficiency. The target price was lowered from HKD150 to HKD135, with an Overweight rating maintained.

Related NewsMEITUAN-W 2Q Non-IFRS Adj. Profit Slips 89% to RMB1.493B, Way Below Forecast

AASTOCKS Financial News
Website: www.aastocks.com