Asian markets will look "very different" in 2025 in light of China's new policy measures, the slowing Indian economy and Southeast Asian countries' investments into new infrastructure, according to
's top ideas. Meituan Global Research's head of internet and gaming research for Asia-Pacific. "Its earnings quality is one of the best in the sector," she said, adding that Meituan's top line is expected to grow 20% in 2024 and 17% in 2025. Referencing data from Morningstar, Liu flagged that Meituan is "relatively under-owned compared to other Internet peers," with only around 45% of global emerging market funds owning the stock.
has a target price of 670 Indian rupees on the stock, implying about 19% upside potential. Kia Also on
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