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| HSI1 | 24,961.95 | 0.00 | -- |
| HSCEI1 | 8,436.63 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-06-04 10:54:20 Amid the affirmative regulatory stance, competition dynamics and improvement in unit economics (UE) margins at MEITUAN-W (03690.HK) may become catalysts for a re-rating, while the long-term potential of new businesses (such as overseas Keeta and Xiaoxiang Supermarket) is expected to gradually bring positive contributions. The broker cited management as saying that in the long run it is confident of maintaining a UE gap of RMB1-1.5, supported by a structurally better order mix and improved operating efficiency. Management also expected the in-store margin to remain stable at 25% this year, and will reduce investment in low-return and non-core categories, potentially giving up market share in low-priced segments driven by subsidies temporarily. The broker maintained its Buy rating on MEITUAN-W, with a TP of HKD128. ~ AASTOCKS Financial News Website: www.aastocks.com | |