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<Research>G Sachs: MEITUAN-W (03690.HK) 2Q Loss Per Order Expected to Further Improve; TP $112/ Rating Buy
MEITUAN-W (03690.HK)'s 4Q25 results were largely in line with earlier profit warning, with an adjusted net loss of RMB15 billion, worse than the expectations of Goldman Sachs/ ...
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<Research>G Sachs: MEITUAN-W (03690.HK) 2Q Loss Per Order Expected to Further Improve; TP $112/ Rating Buy
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MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   's 4Q25 results were largely in line with earlier profit warning, with an adjusted net loss of RMB15 billion, worse than the expectations of Goldman Sachs/ the market, primarily due to higher-than-expected losses in new businesses and non-IFRS off-balance sheet items, Goldman Sachs issued a research report saying.

Therefore, the broker kept rating at Buy, with a target price of $112, remaining confidence in MEITUAN-W's leadership in local services.

Related News Nomura Lowers TP for MEITUAN (03690.HK) to HKD92; Competitive Landscape Remains Unclear
Investors are concerned about the losses and outlook of new businesses in 4Q25, with the unit economics of the food delivery business continuing to outperform peers in 4Q25 at a GTV market share remained at 60%, a loss per order narrowing into 1Q26 and further improvement expected in 2Q26.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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