Search
Daxing Rating | BoCom International: Reaffirms 'Buy' Rating for Meituan, Target Price Set at HK$165
2025-07-08 /
Read about 0 minute
Author：小编
Amidst an industry-wide subsidy war, Meituan's daily order peak surpassed 120 million. For the third quarter, it is projected that the average daily order volume will hover around 75 million, marking a year-on-year growth rate of 11-12%. Despite the potential 9% profit decline in its core local services business due to this subsidy war, Meituan retains a competitive edge in market share with a promising long-term outlook. Consequently, BoCom International reiterates its "Buy" rating for Meituan, maintaining a target price of HK$165.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
