Professional
Added to YB: 2024-08-16
Pitch date: 2024-08-16
3690.HK [bullish]
Meituan
-6.74%
current return
Author Info
No bio for this author
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 109.80
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
Davis International Fund Portfolio Holding: Meituan
Meituan (3690.HK): Leading Chinese super app, 700M+ users. Food delivery dominates (70% share, 20B orders, $130B meals in 2023). 36% YTD gain. Hong Kong expansion success (27% share). Local services face Douyin competition. Attractive at 14x 2024, 11x 2025 earnings. Risks: regulatory scrutiny, market saturation. Strong mgmt execution, durable position despite near-term headwinds.
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