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《大行》滙豐研究維持美團(03690.HK)「買入」評級 目標價220元

HSBC Research maintains a "Buy" rating on Meituan (03690.HK) with a Target Price of 220 yuan.

AASTOCKS ·  Dec 12 10:21

HSBC Research published a Research Report stating that MEITUAN-W (03690.HK) may experience increased overseas expansion-related losses in the fourth quarter of this year, primarily due to its expansion in the Riyadh market.

HSBC believes that MEITUAN's losses in 2025 may depend on its sales growth rate, as well as any potential expansion plans in other regions of Saudi Arabia and the Gulf Cooperation Council countries. The timeline for launching expansion plans in other regions mainly depends on whether Saudi Arabia's performance and business model can be replicated.

HSBC anticipates that MEITUAN's subsequent growth trend may experience fluctuations, and that overseas investments may accelerate, but it also believes that MEITUAN possesses one of the strongest micro-drivers in China, which is crucial for buffering mid-term growth prospects. The firm maintains the Target Price for MEITUAN H shares at 220 yuan, reiterating a Buy rating.

The translation is provided by third-party software.


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