CICC: Maintain Outperform rating on Meituan (01768) with a target price of HK$530.

According to the Wisdom Financial APP, Zhongjin Securities released a research report stating that Ming Ming Busy (01768) is expected to achieve a net profit attributable to shareholders of 37/45.3 billion yuan in 2026/2027 (adjusted profit is about 40.8/47.8 billion yuan). The bank maintains a target price of HK$530, corresponding to a P/E ratio of about 27/22 times in 2026/27. The current stock price corresponds to a P/E ratio of about 18.4/14.7 times in 2026E/2027E, with a potential increase of about 47%. The bank maintains an outperform industry rating.