Re: Meituan Dianping 3690
Posted: Fri Nov 29, 2019 2:15 pm
not vested
Nov 28. 2019
<Research Report>M Stanley Cites MEITUAN-W (03690.HK): Tops Long-term Growth over Short-term Profitability; Reiterated OW
MEITUAN-W (03690.HK) has highlighted its sturdy momentum and consistent strategy for core businesses by re-accelerating volume growth, opined Morgan Stanley.
Despite adverse seasonality, the firm still recorded a positive adjusted EBIT margin for food delivery in 3Q19, given share gains and higher operating efficiency.
The company restated its target to prioritize long-term growth over near-term profitability, underpinned by an experienced management team and solid execution.
Overall, MEITUAN-W was kept at Overweight, with a target of $105.
Source: AAStocks Financial News
Nov 28. 2019
<Research Report>M Stanley Cites MEITUAN-W (03690.HK): Tops Long-term Growth over Short-term Profitability; Reiterated OW
MEITUAN-W (03690.HK) has highlighted its sturdy momentum and consistent strategy for core businesses by re-accelerating volume growth, opined Morgan Stanley.
Despite adverse seasonality, the firm still recorded a positive adjusted EBIT margin for food delivery in 3Q19, given share gains and higher operating efficiency.
The company restated its target to prioritize long-term growth over near-term profitability, underpinned by an experienced management team and solid execution.
Overall, MEITUAN-W was kept at Overweight, with a target of $105.
Source: AAStocks Financial News