UBS: Still optimistic about Meituan's strong moat in the long term, rating it as "Buy".

UBS released a report stating that they remain optimistic about Meituan's strong moat, solid consumer mindshare, and differentiated supply-side innovation in the long term. The initiatives of its overseas business KeeTa are also potential upside factors that have not yet been reflected in the stock price. The bank has given Meituan a "buy" rating with a target price of HK$128.