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<Research>Haitong Int'l Raises MEITUAN-W's TP to HKD115, Upgrades Rating to Outperform
Recommend 8 Positive 7 Negative 5 |
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MEITUAN-W (03690.HK)'s 4Q25 results were largely in line with expectations, but the potential investment boost in AI-related fields may heap pressure on the company's current profitability, Haitong International's research report said. Haitong International has reduced MEITUAN-W's net profit forecast for 2027-28 by over 30% to reflect the impact of increased AI investment. In light of expected competition easing in 2027 and the outlook for the next 12-18 months, the broker has raised its target price for MEITUAN-W from HKD84 to HKD115 and upgraded the rating from Neutral to Outperform. AAStocks Financial News |
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