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50021 HS#MTUANRC2502I (R BULL)
RT Nominal down0.470 -0.025 (-5.051%)

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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