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<Research>JPM Reiterates Neutral Rating on MEITUAN-W, Expects 3Q Adj. Net Loss RMB17B
Recommend 24 Positive 42 Negative 12 |
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JPMorgan has released a research report predicting MEITUAN-W (03690.HK) to face greater-than-expected pressure in its business from 3Q25 to 4Q25, after factoring in the intense competition in China's food delivery market. In the broker's opinion, MEITUAN-W may not sharply reduce subsidy expenses in order to consolidate its market share, so that the recovery in its earnings remains uncertain. Its 3Q25 adjusted net loss is estimated to reach RMB17 billion. JPMorgan reiterated a Neutral rating on MEITUAN-W and cut its target price to HKD100. AAStocks Financial News |
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