UOB Kay Hian: Meituan food-delivery profitability may stay resilient
UOB Kay Hian analyst Julia Pan says Meituan’s food-delivery segment profitability could remain resilient despite near-term seasonal pressure. It is expected to weaken in 3Q from 2Q but stay sufficient to cover losses.
Profitability for Meituan's food-delivery segment could remain resilient despite near-term seasonal pressure, says UOB Kay Hian's Julia Pan in a note.
The Chinese food-delivery platform expects the segment's profitability to weaken in 3Q from 2Q, but to stay sufficient to cover any losses from the…