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<Research>M Stanley Trims MEITUAN-W (03690.HK) TP to $135; ST Pain Persists
Recommend 24 Positive 34 Negative 29 |
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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. AASTOCKS Financial News Website: www.aastocks.com |
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