On December 5th, Gelonghui reported that Huaxing Securities expected Meituan's fourth quarter instant delivery revenue growth to once again exceed order growth, with year-on-year increases of 16% and 13% respectively, while instant delivery profit is expected to grow by 51% year-on-year during the same period. Additionally, the firm anticipates that in-store hotel and travel revenue and operating profit will maintain healthy year-on-year growth rates of 25% and 37.4%, respectively, with an operating profit margin of 31%. The firm stated that it reaffirms its 'buy' rating for Meituan, raising the target price from HKD 193 to HKD 240, and expects a 23% year-on-year growth in operating profit for core local business next year.