Meituan (MPNGF) Receives a Buy from UBS

UBS analyst Kenneth Fong maintained a Buy rating on Meituan on December 4 and set a price target of HK$128.00. The company’s shares closed yesterday at HK$98.10.

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According to TipRanks, Fong is a 2-star analyst with an average return of -0.1% and a 35.42% success rate.

In addition to UBS, Meituan also received a Buy from DBS’s Andy Yu CFA in a report issued on December 1. However, on the same day, Barclays maintained a Sell rating on Meituan (Other OTC: MPNGF).

Based on Meituan’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$91.84 billion and a net profit of HK$365.3 million. In comparison, last year the company earned a revenue of HK$82.25 billion and had a net profit of HK$11.35 billion