Stock Track | Meitu Stock Soars on Robust Profit Outlook

Stock Track07-25

Shares of Meitu Inc, the Chinese tech company known for its popular photo editing app, surged 6.64% in intraday trading on Monday.

The stock rally came after Meitu announced that it expects its profit attributable for the first half of 2023 to increase by no less than 80% compared to the same period last year.

The strong profit guidance from Meitu reflects the company's solid business performance and growth prospects, which has boosted investor confidence and driven up the stock price.

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