Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
S&P Forecasts MEITUAN-W's Full-Yr EBITDA to Sink 50-60%; Strong Mkt Position Helps Address Intense Food Delivery Competition
Recommend 59 Positive 104 Negative 47 |
||||
|
||||
|
Rating agency S&P anticipates that MEITUAN-W (03690.HK) could handle the intense competition revolving around the food delivery business. MEITUAN-W's solid market leadership position and strong net cash status, along with S&P's expectation of market rationalization over the next 12 months, will help it address upcoming challenges. S&P's current issuer credit rating on MEITUAN-W is "A-", with a "stable" outlook. Due to high expenditure on incentives triggered by competition with JD-SW (09618.HK) and BABA-W (09988.HK) since April 2025, MEITUAN-W is currently facing immense margin pressure. Its operating profit plunged by 98% YoY in 2Q25. S&P expects MEITUAN-W's full-year EBITDA to decline by 50-60% in 2025, which is unlikely to recover to the 2024 EBITDA level before 2027. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
