CICC: maintain outperform rating on Meituan (00669), target price of HKD 115.49

According to the Wise Finance APP, Zhongjin released a research report stating that it maintains the EPS forecast for Chuangke Industries (00669) in 2025/2026 at 0.70/0.80 US dollars. The current stock price of the company corresponds to a P/E ratio of 17.4/15.2 times for 2025/2026, with the bank maintaining a target price of 115.49 Hong Kong dollars, corresponding to a P/E ratio of 21.5/18.6 times for 2025/2026, with a 22.6% upside potential, and maintaining an outperform industry rating. The company announced its 1H25 performance, with revenue of 7.833 billion US dollars in the first half of 2025, a year-on-year increase of 7.1%; net profit attributable to shareholders reached 628 million US dollars, a year-on-year increase of 14.2%, and the performance met expectations.