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<Research>CLSA: MEITUAN-W (03690.HK) Core Local Commerce Segment Remains Solid; Rating Outperform Kept
Recommend 25 Positive 61 Negative 21 |
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CLSA issued a research report saying that MEITUAN-W (03690.HK) will soon announce its results, and forecasting that its 4Q24 revenue will grow 19% YoY to RMB87.9 billion, with adjusted EBIT increasing 196% to RMB9.4 billion. CLSA estimated that MEITUAN-W's 4Q24 core local commerce adjusted EBIT will hike by 45% YoY to RMB11.6 billion, with improved all business margins. The broker believed that the core local commerce segment to remain solid, maintaining 17% growth this year with stable margin. Therefore, CLSA kept rating at Outperform, with a target price of $217. AAStocks Financial News |
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