Meituan 3Q24 Results: Investments in Keeta to Partly Drag Margins in 4Q
What’s new: Meituan’s reported 3Q24 revs that top consensus and our expectations. While segment rev growth could remain resilient, new initiatives operating losses could sequentially increase partly due to investments related to Keeta. We maintain our PT at HKD200.Analysts:
Jin Yoon
MEITUAN DIANPING is a China-based e-commerce platform providing life services. The Company connects consumers and businesses to provide services satisfying people's daily eating needs. The Company owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan. The Company is also engaged in the operation of a bike-sharing brand, Mobike.
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