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21483 SG-HSI @EC2405A (CALL)
RT Nominal up0.018 +0.002 (+12.500%)

29/11/2021 17:25

{I-bank focus}Credit Suisse lowers Meituan (03690) to HK$311

[ET Net News Agency, 29 November 2021] Credit Suisse lowered its target price for
Meituan (03690) to HK$311 from HK$335 and maintained its "outperform" rating.
The research house said it expects food delivery order volume to slow down in 4Q and
possibly 1Q, while the recovery of instore and hotel business would also be disrupted.
(RC)

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