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<Research>Nomura: Social Security Coverage Has Controllable Impact on MEITUAN-W Unit Economics of Food Delivery Biz
Recommend 10 Positive 19 Negative 6 |
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MEITUAN-W (03690.HK) announced that it will pay social security for its full-time and stable part-time riders. Nomura released a research report expecting that the social security payment is will have a limited impact on MEITUAN-W's food delivery unit economics and operating profit this year. MEITUAN-W may roll out the measure city by city instead of all at once, Nomura added. The broker expected that the full implementation may take 3-4 years, and predicted that the impact on MEITUAN-W's food delivery unit economics may be controlled within about 5-7% in FY2025. Therefore, Nomura reiterated rating at Buy, with a target price of $212. AAStocks Financial News |
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