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25067 KSMTUAN@EC2502A (CALL)
RT Nominal unchange0.221 0.000 (0.000%)

29/08/2024 14:31

{I-bank focus}Citi raises Meituan (03690) to HKD155

[ET Net News Agency, 29 August 2024] Citi raised the target price for Meituan (03690) to
HKD155 from HKD140 and maintained the "buy" rating.
The research house said looking into 3Q/4Q, due to product innovation, subsidies, and
cost optimization, profit growth is likely to trend faster than revenue and GTV growth.
(rc)

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