Bank of America Securities Maintains Buy Rating on MEITU, Citing Sustained Growth in Paid Users

Stock News08-03

Bank of America Securities has released a research report noting that MEITU (01357) is expected to see a 30.9% year-over-year increase in revenue from its core "Imaging and Design Products" business in the first half of the year, demonstrating steady performance.

This growth is projected to drive an adjusted net profit increase of 36% to 40% under non-IFRS measures, putting the company on track to achieve its fiscal 2026 target of 13.5 billion yuan.

The firm has reiterated a "Buy" rating, anticipating that continued growth in paid users and operational leverage will persistently bolster the business fundamentals. With the current valuation not appearing expensive, Bank of America Securities has set a target price of 74 Hong Kong dollars.

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