bullish

Meituan

MT/ Meituan (3690 HK): 1Q24, Total Revenue Up by 25% and Initiatives Loss Down by 45%

386 Views07 Jun 2024 00:51
Total revenue increased by 25% YoY and all business lines grew strongly. In 1Q24, the operating losses from new initiatives decreased by 45% YoY. We conclude that the price target can be double.
What is covered in the Full Insight:
  • Introduction
  • Quarterly Revenue Performance
  • Operating Margin Analysis
  • Full Year Projections
  • Valuation Comparison
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Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)
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