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<Research>G Sachs Confident MEITUAN-W (03690.HK) to Maintain Leadership in Local Services; TP Kept at $112
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MEITUAN-W (03690.HK)'s 4Q25 results were generally in line with earlier profit warning, Goldman Sachs released a research report saying. Its unit economics of food delivery continued to outperform peers in 4Q25, with the GTV market share remaining at 60% and loss per order narrowing into 1Q26, and potential for further improvement into 2Q26 due to seasonally favorable rider costs. Therefore, the broker kept rating at Buy on MEITUAN-W, with a target price of $112. In the context of expanding potential market space for instant retail, Goldman Sachs remained confident in MEITUAN-W's overall leadership position in the rapidly growing local services market. AASTOCKS Financial News Website: www.aastocks.com |
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