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<Research>BofAS Drops MEITUAN-W's TP to HKD136, Reiterates Buy Rating
Since Taobao Instant Commerce's launch of a RMB50 billion subsidy plan at the beginning of the month, competition in China's food and instant delivery market has intensifie...
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<Research>BofAS Drops MEITUAN-W's TP to HKD136, Reiterates Buy Rating
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Since Taobao Instant Commerce's launch of a RMB50 billion subsidy plan at the beginning of the month, competition in China's food and instant delivery market has intensified sharply over the past weekend, according to a research report by BofA Securities.

MEITUAN-W (03690.HK)  +1.600 (+1.289%)    Short selling $1.90B; Ratio 21.787%   and Taobao recorded daily order volumes of 120 million and 80 million, respectively, with growth mainly driven by high subsidies.

Related NewsUBS Cuts MEITUAN-W's TP to HKD172, Expects RMB25B Investment in Food Delivery Biz This Yr
BofA Securities cut its target price for MEITUAN-W from HKD155 to HKD136, reiterating a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 16:25.)

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