The 720_ Meituan, China Tech – Tariff Impact, Horizon Robotics & AMP Initiations, Miniso, Bosideng, HDFC Bank, BHP, Fujitsu
AMD·2024-12-05 02:58
2 December 2024 | 7:16AM HKT The 720: Meituan, China Tech – Tariff Impact, Horizon Robotics & AMP Initiations, Miniso, Bosideng, HDFC Bank, BHP, Fujitsu In Focus | Meituan Meituan - 3Q24 review: Strong food delivery profit beat - Buy. Meituan reported a solid 3Q beat with accelerated growth across top line +22% yoy and adj. EBIT +196% yoy, where core local commerce adj. EBIT came in ahead at Rmb14.6bn, +44% yoy (GSe/V.A. consensus of +35%/+37%) and we now expect continued fast 4QE core local commerce EBIT g ...