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Meituan
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[Meituan (3690 HK,BUY,TP HK$150) Rating Change]: A Turning Point Might Have Arrived on Two Catalysts
Equity Bottom-Up
284 Views
07 May 2024 05:03
We upgrade Meituan because we believe its success in Hong Kong might be replicable on a global scale. Evidence has also emerged that domestic competition from Douyin may have reached a steady state;
What is covered in the Full Insight:
Upgrade of Meituan
Potential of Global Expansion
Impact of Autonomous Driving (ADS)
Competition with Douyin
Meituan's Valuation
SUMMARY
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Full Insight
(Paid Plans Only, 12-minute read)
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