Professional
Added to YB: 2024-10-23
Pitch date: 2024-09-30
3690.HK [bullish]
Meituan
-43.31%
current return
Author Info
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Company Info
Meituan operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.
Market Cap
HKD 546.6B
Pitch Price
HKD 178.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.08
P/E
19.05
EV/Sales
1.18
Sector
Hotels, Restaurants and Leisure
Category
growth
Show full summary:
Baron International Growth Fund New Position: Meituan
3690.HK: China's dominant food delivery platform (70% mkt share) & local services super app. 700M users, 60M daily orders. Expect 20%+ earnings CAGR over 3-4 years. Improving economics via ad revenue & lower incentives. Competitive concerns likely temporary. Long-term value creation potential.
Read full article (1 min)