The idea of Kongtou accurately closes u
The big cake is 6400u and the concubine is 3400u.
The strange paradox of time: the less time you have, the more you get done; the more time you have, the less you get done.
JPMorgan Chase: Raise target price of Meituan to HK$140 and raise adjusted earnings per share forecast
JPMorgan Chase said it believes Meituan (03690.HK)'s solid second-quarter performance and management's positive outlook for the second half of the year are sufficient to respond to investors' concerns before the results are announced. The bank forecasts Meituan’s adjusted earnings per share growth in the third quarter and fourth quarter to be 119% and 95% respectively, accelerating from 78% in the second quarter. The bank assumes that the profitability of Meituan’s instant delivery service will continue to improve, the profitability of in-store services will continue to improve under rational competition with Douyin, and the cost of community group buying services will be optimized. The bank raised its adjusted earnings per share forecast for Meituan this year and next by 5% to 6%. JPMorgan Chase also pointed out that Meituan has significantly accelerated its return to shareholders, repurchasing more than 3% of its outstanding shares, and increasing the size of its repurchase plan to US$1 billion. The bank raised the target price of Meituan from HK$130 to HK$140, which is equivalent to 14 times the forecast price-earnings ratio for next year. Based on the increase in profit forecasts, the bank rated Meituan "overweight".
