$MEITUAN-W(03690)$ Optimistic

Optimistic about Meituan's continued rise, the Q3 performance should be good, and the progress in reducing losses from new businesses may be even better. The hotel business plus the divine membership system should boost transaction patterns and volume. It's not a problem for Meituan to earn 60 billion in a year, with low capital expenditures, and it has entered the stage of net cash flow creation. With a valuation of 35 times for 600 billion, reaching 2 trillion is not a problem.

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