Meituan Poised for Stronger 3Q Earnings -- Market Talk

Dow Jones10-25

0428 GMT - Meituan will likely deliver stronger earnings in 3Q, Sealand Securities analysts say in a research note. The Chinese shopping platform's revenue could rise 20.5% on year for the three months ended September, the analysts say. That is expected to be supported by 15% revenue growth in its core food-delivery business and 42% revenue growth in the Shangou business, Meituan's quick-commerce arm, they say. The analysts keep a buy rating on the stock, with a target price of HK$250.00. Shares last traded at HK$188.00. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

October 25, 2024 00:28 ET (04:28 GMT)

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The Chinese shopping platform's revenue could rise 20.5% on year for the three ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03690","symbol_name":"美团-W","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478623113","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478623113","pubTimestamp":1729830480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0428 GMT - Meituan will likely deliver stronger earnings in 3Q, Sealand Securities analysts say in a research note. The Chinese shopping platform's revenue could rise 20.5% on year for the three months ended September, the analysts say. That is expected to be supported by 15% revenue growth in its core food-delivery business and 42% revenue growth in the Shangou business, Meituan's quick-commerce arm, they say. The analysts keep a buy rating on the stock, with a target price of HK$250.00. Shares last traded at HK$188.00. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"03690":"美团-W","MPNGY":"美团ADR"},"translate_title":"美团-W第三季度盈利有望走强——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPNGY":1,"03690":0.9},"content_text":"0428 GMT - Meituan will likely deliver stronger earnings in 3Q, Sealand Securities analysts say in a research note. The Chinese shopping platform's revenue could rise 20.5% on year for the three months ended September, the analysts say. 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