Meituan 2Q24 Results: Overall Business Remain Resilient in 2H
What’s new: Meituan’s reported 2Q24 results that top consensus and our expectations. Overall business could remain resilient where core local commerce rev growth could slightly accelerate in 3Q compared to 2Q levels. Meituan Select operating losses could continue to sequentially narrow in 3Q. 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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