CICC Sticks to Their Buy Rating for Meituan (MPNGF)
In a report released yesterday, from CICC maintained a Buy rating on Meituan, with a price target of HK$125.00. The company’s shares closed yesterday at HK$91.40.
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Meituan has an analyst consensus of Moderate Buy, with a price target consensus of HK$119.08.
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
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