bullish
[Meituan (3690 HK) Rating Change]: Meituan’s Counterstrike Is Effective, Upgrade to BUY
Blue has highlighted this Insight as a Top Pick
446 Views21 Apr 2023 14:49
We upgrade Meituan to BUY as (1) its recent subsidy campaign vs. Douyin has achieved some successes, and (2) its food delivery margin may have further upside due to the sufficient supply of riders;
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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- [Meituan (3690 HK) Rating Change]: Meituan’s Counterstrike Is Effective, Upgrade to BUY21 Apr 2023
- [Meituan (3690 HK) Target Price Change]: Bracing for Douyin Impact with Limited War Chest28 Mar 2023
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