M Stanley Restates MEITUAN-W as Sector Top Pick; Core Biz Growth May Outpace Peers
Morgan Stanley kept the stock rating at Overweight with target price of $240.
Given the short-term catalysts from reopening, longer term potential from under-appreciated in-store and new initiative businesses, the broker was still sanguine on MEITUAN's long-term prospect.
Given the short-term catalysts from reopening, longer term potential from under-appreciated in-store and new initiative businesses, the broker was still sanguine on MEITUAN's long-term prospect.
Under the broker's bull case, the company's market value was forecast to whop US $350 billion (HK $450 per share) over the next three years.
$MEITUAN-W(03690.HK$ $Morgan Stanley Holdings(BK2635.US$
$Meituan ADR(MPNGY.US$
$MEITUAN-W(03690.HK$ $Morgan Stanley Holdings(BK2635.US$
$Meituan ADR(MPNGY.US$
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whqqq : Meituan looks promising
eitokun : Concern when big investment firm like Morgan Stanley issue buy rating means they already bought and write reports to attract retail investors jump in. After enough jump in, they will start selling as share market is place someone earn when there are others buy.
Giovanni Ayala :