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<Research>Citi Expects MEITUAN-W (03690.HK) In-line 1Q Results; CLC Operating Loss Seen Narrowing to RMB4.6B
Recommend 27 Positive 44 Negative 19 |
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MEITUAN-W (03690.HK) was expected to announce its 1Q26 results before the end of May, with performance in line with the broker's and market's expectations, Citi said in its report. The market will shed light on a notable QoQ narrowing of the Core Local Commerce (CLC) operating loss. The broker forecast the loss at RMB4.6 billion, narrowing by RMB5.5 billion from the previous quarter, reflecting stricter subsidy control by the company amid an improving competitive environment. Looking ahead to 2Q26, the broker expected CLC revenue to elevate QoQ, on the back of seasonal peak demand and easing competitive pressure, with the operating loss likely to narrow further. The Buy/High Risk rating was maintained, with a TP of HKD110. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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