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UBS: MEITU Interim Adjusted Net Profit Beats; Buy Rating Kept
2026-07-31 16:34:32
UBS published a research report on MEITU (01357.HK), which forecast its adjusted net profit for 1H to grow 36-40% YoY, topping the broker's and market forecasts by 4-12%. Revenue from the group's core "photo, video and design products" business added 30.9% YoY, or 33.6% excluding discontinued operations, falling short of the broker's forecast by 3-6%.

The broker expected mixed investor reactions. Some investors may continue to favor MEITU's sustained high growth and profit margins, while others may believe that as AI-native or productivity-related revenue continues to grow, failure to further accelerate growth momentum may be insufficient to offset market concerns over software companies being disrupted by AI. The broker maintained its Buy rating and HKD7.2 TP on the company.
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AASTOCKS Financial News
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