bullish

Meituan

[Meituan (3690 HK,BUY,TP HK$150) Rating Change]: A Turning Point Might Have Arrived on Two Catalysts

216 Views07 May 2024 13:03
We upgrade Meituan because we believe its success in Hong Kong might be replicable on a global scale. Evidence has also emerged that domestic competition from Douyin may have reached a steady state;
What is covered in the Full Insight:
  • Upgrade of Meituan
  • Potential of Global Expansion
  • Impact of Autonomous Driving (ADS)
  • Competition with Douyin
  • Meituan's Valuation
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Rising
Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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