CICC published a research report stating that Meituan is shrinking the community group buying business and focusing on the core. Meituan Preferred has further contracted, and will focus on key business development in the future. At the same time, the priority of Meituan Flash Shopping and the Baby Elephant supermarket has been raised: the company will comprehensively expand the flash shopping category, further expand stores and lightning warehouses; continue to expand the coverage area of the Little Elephant supermarket and gradually expand to all Tier 1 and 2 cities. Furthermore, the company also emphasizes maintaining the pace of active overseas development. CICC maintained Meituan's profit forecast, maintaining its “outperforming the industry” rating and target price of HK$177, corresponding to the adjusted price-earnings ratio of 25 times and 18 times the forecast for 2025 and 2026, respectively.

Zhitongcaijing · 06/25 09:01
CICC published a research report stating that Meituan is shrinking the community group buying business and focusing on the core. Meituan Preferred has further contracted, and will focus on key business development in the future. At the same time, the priority of Meituan Flash Shopping and the Baby Elephant supermarket has been raised: the company will comprehensively expand the flash shopping category, further expand stores and lightning warehouses; continue to expand the coverage area of the Little Elephant supermarket and gradually expand to all Tier 1 and 2 cities. Furthermore, the company also emphasizes maintaining the pace of active overseas development. CICC maintained Meituan's profit forecast, maintaining its “outperforming the industry” rating and target price of HK$177, corresponding to the adjusted price-earnings ratio of 25 times and 18 times the forecast for 2025 and 2026, respectively.