TECHNICAL ANALYSIS

Meituan has shown strong upward momentum following a significant bullish crossover in the 20-day EMA over the 50-day EMA. The stock continues to demonstrate its strength as its price remains above the 20-day and 50-day EMAs, highlighting a sustained uptrend. Additionally, the rising MACD reinforces expectations that the stock could continue to perform well over an extended period.

Fundamentals

Net profit is expected to grow at a CAGR of 30% for the next 3 years with strong net margins between 12%-15%.

Source: Rakuten Research - 19 Sept 2024

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