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<Research>Jefferies Expects MEITUAN-W (03690.HK) 1Q CLC Loss to Narrow Sharply w/ TP $130, Rating Buy
Recommend 18 Positive 25 Negative 16 |
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MEITUAN-W (03690.HK)'s 4Q25 revenue grew by 4.1% YoY to RMB92.1 billion, roughly in line with expectation, Jefferies released a research report saying. Core local commerce (CLC) operating loss reached RMB10 billion, while the new business operating loss was RMB4.6 billion, beating both the estimations of the broker/ market. Jefferies predicted that its 1Q26 CLC operating loss will significantly decrease QoQ, mainly benefiting from improved unit economics in the food delivery business and an increase in average order price. Therefore, the broker kept rating at Buy, with a target price of $130. AASTOCKS Financial News Website: www.aastocks.com |
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