In a report released yesterday, Julia Pan from UOB Kay Hian maintained a Buy rating on Meituan Dianping (MPNGF – Research Report), with a price target of HK$216.00.
Julia Pan’s rating is based on Meituan’s strong financial performance and strategic initiatives. The company’s total revenue for the fourth quarter of 2024 increased by 20% year-over-year, aligning with expectations, and its net profit margin improved significantly. This financial stability is complemented by Meituan’s solid progress in expanding its overseas operations and advancements in artificial intelligence, which are expected to drive future growth.
Furthermore, Meituan’s core local commerce segment continues to show robust momentum, with stable revenue growth and improved operating margins. The company’s strategic share repurchase program also reflects confidence in its long-term value. Despite competitive pressures, these factors collectively support a positive outlook, justifying the Buy rating with a target price of HK$216.00.
According to TipRanks, Pan is a 4-star analyst with an average return of 15.9% and a 60.00% success rate.
In another report released yesterday, DBS also maintained a Buy rating on the stock with a HK$223.00 price target.
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