Meituan's Profitability Likely to Improve This Year -- Market Talk
Dow Jones04-03 16:01
0801 GMT - Meituan's profitability is likely to improve this year, Citi analysts say in a research note. The company's strategy to generate higher average order value and high-quality users is likely to help its earnings recovery, they say. Citi forecasts Meituan's core local commerce, which includes the food-delivery business, to resume profitability in 3Q. "There is a possibility that the loss reduction could come sooner in 2Q, which would be supportive to share performance," the bank says. It keeps a buy/high risk rating with a HK$110 target price on Meituan. Shares last closed at HK$80.25. (tracy.qu@wsj.com)
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April 03, 2026 04:01 ET (08:01 GMT)
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