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<Research>Jefferies Chops MEITU (01357.HK) TP to $7, Keeps Buy Rating
Recommend 14 Positive 21 Negative 21 |
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MEITU (01357.HK)'s 2025 results were strong, with revenue growing by 28.8% YoY to RMB3.86 billion, and adjusted net profit surging by 64.7% to RMB965 million, in line with the previously forecasted growth range of 60-66%, Jefferies published a research report saying. Of which, revenue from imaging and design products increased by 41.6% to RMB2.95 billion, beating the broker's expectation and accounting for 76.6% of total revenue. Furthermore, MEITU reached strategic cooperation with BABA-W (09988.HK) in multiple areas such as large language models, e-commerce materials, cloud services and computing power, and has applied BABA-W's open-source model capabilities to scenarios like image editing and video generation. MEITU's AI-native platform, RoboNeo, has topped global app store rankings across 26 countries and regions. Based on the latest business trends, Jefferies kept rating at Buy for MEITU, and chopped its target price from $12.5 to $7, equivalent to a projected PEG ratio of 0.6x. AASTOCKS Financial News Website: www.aastocks.com |
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