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Stock Track | Meituan Surges on Upbeat Outlook and Profitability Improvement

Stock Track08-30

Shares of Chinese delivery giant Meituan (03690) soared 5.10% during intraday trading on August 30, 2024, as investors reacted positively to the company's promising outlook and improved profitability.

According to a research note from Morningstar analyst Kai Wang, Meituan's second-quarter results showed significant profitability improvement, despite facing intense competition in its in-store and hotel businesses. The company has been promoting lower-value transactions to cater to Chinese consumers' needs amid the slowing economy.

Notably, Meituan has managed to narrow losses in its new initiatives, such as Meituan Select, its group-buying business. Wang believes these efforts will be less value-destructive going forward, contributing to the company's overall financial performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Raden445
·09-02
Yer prom ay you nhow
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The company has been promoting lower-value transactions to cater to Chinese consumers' needs amid the slowing economy.</p>\n\n<p>Notably, Meituan has managed to narrow losses in its new initiatives, such as Meituan Select, its group-buying business. Wang believes these efforts will be less value-destructive going forward, contributing to the company's overall financial performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03690":"美团-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190637023","content_text":"Shares of Chinese delivery giant Meituan (03690) soared 5.10% during intraday trading on August 30, 2024, as investors reacted positively to the company's promising outlook and improved profitability.\nAccording to a research note from Morningstar analyst Kai Wang, Meituan's second-quarter results showed significant profitability improvement, despite facing intense competition in its in-store and hotel businesses. The company has been promoting lower-value transactions to cater to Chinese consumers' needs amid the slowing economy.\nNotably, Meituan has managed to narrow losses in its new initiatives, such as Meituan Select, its group-buying business. Wang believes these efforts will be less value-destructive going forward, contributing to the company's overall financial performance.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}