GO
| HSI1 | 25,238.22 | -72.99 | 144.32B |
| HSCEI1 | 8,395.01 | -55.09 | 40.78B |
| Back Zoom + Zoom - Block Traded | |
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2026-09-03 12:55:16 MEITUAN-W (03690.HK) recently held a post-results management and investor conference call for 2Q26 results. Despite a seasonal retreat in margin in 3Q, the broker remained confident in management's solid execution, focus on high-quality growth and AI-driven growth. It believed the company can withstand ongoing macro and competitive challenges, and maintained its Buy rating and TP at HKD120. Growth in the IHT business was mainly shadowed by macro conditions, followed by competition. Weaker demand in high-ticket categories caused the blended average order value to decline YoY and affected transaction value, while lower advertising revenue from high-ticket, low-frequency merchants also weighed on segment revenue. Overseas, Keeta achieved profitability in Hong Kong, Saudi Arabia reached profitability in July, whereas Brazil is prioritizing budget control and improving operating efficiency in Sao Paulo. Management believed the domestic China market remains the company's top priority compared with overseas markets. ~ AASTOCKS Financial News Website: www.aastocks.com | |