Tiger Brokers

BUZZ-China's Meituan slips on loss estimate in 2025, weak outlook

Reuters
Feb 16
BUZZ-China's Meituan slips on loss estimate in 2025, weak outlook

** Food delivery group Meituan's shares 3690.HK slip 1.9% to HK$80.60, lowest level since March 2024

** Stock on track for third straight session of fall

** Meituan on Friday said it expected to post 23.3-24.3 bln yuan ($3.37-$3.52 bln) loss for FY2025 compared to 35.81 bln yuan profit in 2024, due to operating loss for core local commerce $(CLC)$ segment and increased investments in overseas businesses

** Adds, the loss-making trend is expected to continue into the first quarter of 2026 due to ongoing competition

** Jefferies, with "buy" rating on the stock, says the implied 4Q CLC operating loss is better than consensus and full year net losses is below consensus

** YTD, Meituan down 21.9%; benchmark Hang Seng Index .HIS up 3.3%

($1 = 6.9080 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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