Meituan Is Right to Defend Its Food-Delivery Market Position, Morningstar Says -- Market Talk

Dow Jones

2025/08/29

0430 GMT - Meituan made the right decision to defend its position in the food-delivery sector, says Morningstar's Chelsey Tam in a note. The Chinese shopping-and-delivery platform is avoiding Alibaba's "strategic misstep" of not matching Pinduoduo's aggressive user subsidies during the latter's rise, she says. Meituan subsidizing costs preserves its network, while the platform's variety offsets its lower-than-peer subsidies per meal, she adds. Tam reckons the market is focusing on medium-term uncertainty in the food-delivery market, overlooking a possible long-term earnings recovery as competition stabilizes. The analyst reduces her 2025-2027 EBIT forecasts by an average of 67% to reflect Meituan's higher subsidies, while raising projections for 2028-2034. Morningstar trims its fair-value estimate to HK$151 from HK$164. Shares rise 0.2% to HK$101.90. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

August 29, 2025 00:30 ET (04:30 GMT)

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The Chinese shopping-and-delivery platform is avoiding Alibaba's \"strategic misstep\" of not matching <a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>'s aggressive user subsidies during the latter's rise, she says. Meituan subsidizing costs preserves its network, while the platform's variety offsets its lower-than-peer subsidies per meal, she adds. Tam reckons the market is focusing on medium-term uncertainty in the food-delivery market, overlooking a possible long-term earnings recovery as competition stabilizes. The analyst reduces her 2025-2027 EBIT forecasts by an average of 67% to reflect Meituan's higher subsidies, while raising projections for 2028-2034. Morningstar trims its fair-value estimate to HK$151 from HK$164. Shares rise 0.2% to HK$101.90. 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The Chinese shopping-and-delivery platform is avoiding Alibaba's \"strategic misstep\" of not matching <a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>'s aggressive user subsidies during the latter's rise, she says. Meituan subsidizing costs preserves its network, while the platform's variety offsets its lower-than-peer subsidies per meal, she adds. Tam reckons the market is focusing on medium-term uncertainty in the food-delivery market, overlooking a possible long-term earnings recovery as competition stabilizes. The analyst reduces her 2025-2027 EBIT forecasts by an average of 67% to reflect Meituan's higher subsidies, while raising projections for 2028-2034. Morningstar trims its fair-value estimate to HK$151 from HK$164. Shares rise 0.2% to HK$101.90. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 29, 2025 00:30 ET (04:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348788117.USD","symbol_name":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2563090942","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563090942","pubTimestamp":1756441800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0430 GMT - Meituan made the right decision to defend its position in the food-delivery sector, says Morningstar's Chelsey Tam in a note. The Chinese shopping-and-delivery platform is avoiding Alibaba's \"strategic misstep\" of not matching Pinduoduo's aggressive user subsidies during the latter's rise, she says. Meituan subsidizing costs preserves its network, while the platform's variety offsets its lower-than-peer subsidies per meal, she adds. Tam reckons the market is focusing on medium-term uncertainty in the food-delivery market, overlooking a possible long-term earnings recovery as competition stabilizes. The analyst reduces her 2025-2027 EBIT forecasts by an average of 67% to reflect Meituan's higher subsidies, while raising projections for 2028-2034. Morningstar trims its fair-value estimate to HK$151 from HK$164. Shares rise 0.2% to HK$101.90. 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The Chinese shopping-and-delivery platform is avoiding Alibaba's \"strategic misstep\" of not matching Pinduoduo's aggressive user subsidies during the latter's rise, she says. Meituan subsidizing costs preserves its network, while the platform's variety offsets its lower-than-peer subsidies per meal, she adds. Tam reckons the market is focusing on medium-term uncertainty in the food-delivery market, overlooking a possible long-term earnings recovery as competition stabilizes. The analyst reduces her 2025-2027 EBIT forecasts by an average of 67% to reflect Meituan's higher subsidies, while raising projections for 2028-2034. Morningstar trims its fair-value estimate to HK$151 from HK$164. Shares rise 0.2% to HK$101.90. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 29, 2025 00:30 ET (04:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}