BUZZ-HK-listed Meitu rises most in 4 weeks on robust earnings outlook

Reuters
02/09
BUZZ-HK-listed Meitu rises most in 4 weeks on robust earnings outlook

** Shares of Meitu Inc 1357.HK rise 6.4% to HK$6.64, on track for the biggest one-day pct gain since January 12

** Chinese online advertising and internet value-added services provider said it expected to post 60%-66% y/y rise in the adjusted net profit attributable for 2025

** Co said the growth was driven by rapid revenue growth in its core business of photo, video, and design products, fuelled by a significant growth in global paying subscribers

** Jefferies maintains "buy" on the stock, saying the mid-point of guidance is inline with consensus

** YTD, stock down 5.6%, while benchmark Hang Seng Index .HSI up 5.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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