While we expect 1Q24 to kick off an upward earnings cycle for Meituan, lack of clear topline driver remains a concern given its valuation premium over China tech peers.
What is covered in the Full Insight:
Navigating through the Most Challenging Period
Upward earnings cycle kicking in
Lack of clear topline growth driver remains a concern
Meituan Instashopping
Summary and Recommendation
SUMMARY
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