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<Hindsight>Brokers' Latest Ratings/ TPs/ Views on MEITUAN-W Post-Results
Recommend 64 Positive 119 Negative 71 |
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MEITUAN-W (03690.HK) announced its 2Q25 results yesterday (27th) after market close, which fell significantly short of expectations. Its 2Q25 core local commerce operating profit/ core-related operating profit tumbled by 75.6%/ 19.4 ppts YoY to RMB3.721 billion/ 5.7%. The company's stock price opened down 9.7% this morning (28th) and once sank by 11.3% to an intraday low of HKD103.1. It last traded at HKD104.3, down 10.3%, with a turnover of HKD19.352 billion. The table below lists the investment ratings and target prices (HKD) for MEITUAN-W from 10 brokers: Broker│Investment Rating│Target Price (HKD) Nomura│Buy│176 Jefferies│Buy│155 UBS│Buy│172->148 Goldman Sachs│Buy│159->144 BofA Securities│Buy│136 Morgan Stanley│Overweight│150->135 HSBC Global Research│Buy│160->125 JPMorgan│Overweight->Neutral│150->105 BOCI│Buy->Neutral│168->100 UOB Kay Hian│Sell│40->100 Broker│Viewpoint Nomura│Growth and profit of the food delivery business under pressure Jefferies│2Q revenue growth and food delivery operating profit missed UBS│Axed 2025 earnings forecasts due to intense competition, expecting a full-year loss may occur with an estimated loss of HKD2-3 per food delivery order in 3Q Goldman Sachs│2Q results missed, intensified competition in food delivery since May has led to a greater-than-expected loss in this segment for 2Q BofA Securities│2Q results missed amid fierce food delivery competition Morgan Stanley│3Q service operating loss expected at RMB15 billion, with the narrowing of new business losses disheartening HSBC Global Research│Slashed 2025-27 revenue forecasts by 5-6% as industry competition continues to heat up JPMorgan│Sharply cut 2025-26 EPS forecasts, alongside a downgraded rating and a lower target price BOCI│2Q results missed; short-term earnings forecasts reduced dramatically due to intense competition UOB Kay Hian│2Q earnings missed, and fierce competition is heaping pressure on 3Q profit margins, making outlook bleak AAStocks Financial News |
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