0319 GMT - Meituan's recent move to contribute to social security for its full-time and stable part-time delivery riders may lead to a cost of CNY0.3 to CNY0.4 per order, Nomura analysts write in a note. The Chinese company is likely to gradually roll out the coverage by different cities rather than at once, which may take three to four years to complete, they add. The move's impact on Meituan's unit economics of its food delivery business is likely to be around 5% to 7% in 2025, Nomura says. The bank forecasts the unit economics of Meituan's food delivery business to rise by 2% to CNY1.47 per order this year, they say. The brokerage maintains a buy rating on the stock, with a target price of HK$212. Shares are last at HK$157.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 19, 2025 22:19 ET (03:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。