花旗维持美团“买入”评级 目标价200港元

Core Viewpoint - Deliveroo exits the Hong Kong market, selling its assets to Foodpanda, leading to a duopoly in the Hong Kong food delivery market between Foodpanda and Meituan [1] Market Dynamics - Deliveroo's market share is expected to be divided between Keeta and Foodpanda, with Keeta likely gaining a larger share, resulting in a 50/50 market split [1] - Citigroup believes that Keeta's recent promotional packages will enhance order frequency and customer loyalty [1] Strategic Implications - Keeta's experience in Hong Kong can be replicated in the Middle East market, indicating potential for expansion [1] - Citigroup maintains a "Buy" rating on Meituan with a target price of 200 HKD [1]