vested
Brokers│ViewsCredit Suisse│1Q food delivery business profit margin beat; focus on competition in local services segment
Jefferies│1Q total revenue & core revenue growth both ahead of forecasts
China Securities│Physical store business logged solid growth with profit contribution outstripping in-store & hotel segment; focus on revenue and market share changes
BOCOM International │1Q results stronger than expected; earnings growth expected to quicken on a lower base
Huatai Securities│Food delivery profit expected to become key driver for medium- to long-term
valuation; earnings forecasts ramped up
Citigroup│Fierce competition in short-video platform segment; fundamental strengths still intact and resilient
HSBC Global Research│Competition in physical store segment anticipated to remain ferocious; food delivery business performance to remain resilient
CCB International│1Q revenue and earnings beat
CITIC Securities│Expected to capitalize on sequential offline services recovery and summer holiday peak season window in 3Q
Goldman Sachs│1Q food delivery & in-store segments logged outstanding earnings performance
BOC International│1Q revenue growth beat; consumption recovery anticipated to continue
Macquarie│Upbeat on food delivery business but cautious on profitability of in-store business
UBS│Estimate-beating 1Q earnings fueled by strong revenue growth
JPMorgan│Revenue and profit outlook mixed as in-store business entered investment phase
BofA Securities│Faster offline recovery with optimistic growth outlook
CICC│1Q core revenue showed robust recovery with stabilizing market shares for food delivery/
hotel/ tourism segments
Nomura│In-store business profitability expected to decline in near term
Morgan Stanley│Faster growth anticipated to come in 2Q and 3Q with lower margins
China Merchants Securities│Sequential offline consumption recovery; rebound in in-store and food delivery business growth expected to continue
Daiwa│In-store business expected to face margin pressure; profit margins of in-store, hotel & tourism segments expected to drop to 30% in 2Q and 3Q
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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