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28422 BPMTUAN@EC2505B (CALL)
RT Nominal unchange 0.000 (0.000%)

08/10/2024 15:42

{I-bank focus}UBS raises Meituan (03690) to HKD270

[ET Net News Agency, 8 October 2024] UBS raised the target price for Meituan (03690) to
HKD270 from HKD172 and maintained the "buy" rating.
The research house said it believes investors have not priced in Meituan's in-store
potential in an underpenetrated market. Its checks suggest competition with Douyin is
stabilising, and Meituan's business optimisation should drive medium-term upside in take
rate and margins. (rc)

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