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19465 UBMTUAN@EP2107F (PUT)
RT Nominal unchange0.010 0.000 (0.000%)

31/05/2021 16:53

{I-bank focus}Daiwa lowers Meituan (03690) to HK$425

[ET Net News Agency, 31 May 2021] Daiwa lowered its target price for Meituan (03690) to
HK$425 from HK$450 and maintained its "buy" rating.
The research house said as Meituan Select amassed over 100m users in the past 2
quarters, with most of them being new users from lower-tier cities, it sees upside in
cross-selling opportunities as the frequency and retention rate of these users are higher
than those of food delivery. (RC)

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