Meituan's Profitability Likely to Improve -- Market Talk

Dow Jones12-04

0353 GMT - Meituan's profitability is likely to improve despite revenue concerns, says Morningstar analyst Kai Wang in a research note. Given robust growth of the travel sector, the analyst raises the operating margin forecast for Meituan's hotel and travel business over the long term to 30% from 25%. Still, revenue might be hurt by intensifying competition from rivals such as Alibaba's Ele.me and ByteDance's TikTok, and other factors. The analyst raises the fair value estimate for Meituan to HK$146.00 from HK$127.00 on its improved profitability. Shares are 1.4% higher at HK$167.80. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

December 03, 2024 22:53 ET (03:53 GMT)

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The analyst raises the fair value estimate for Meituan to HK$146.00 from HK$127.00 on its improved profitability. Shares are 1.4% higher at HK$167.80. 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Given robust growth of the travel sector, the analyst raises the...</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":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488824411","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488824411","pubTimestamp":1733284380,"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":"0353 GMT - Meituan's profitability is likely to improve despite revenue concerns, says Morningstar analyst Kai Wang in a research note. 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Given robust growth of the travel sector, the analyst raises the operating margin forecast for Meituan's hotel and travel business over the long term to 30% from 25%. Still, revenue might be hurt by intensifying competition from rivals such as Alibaba's Ele.me and ByteDance's TikTok, and other factors. The analyst raises the fair value estimate for Meituan to HK$146.00 from HK$127.00 on its improved profitability. Shares are 1.4% higher at HK$167.80. 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