- Meituan's stock price rose by +15% in the two weeks following the announcement of a fine by anti-monopoly regulators, as the financial penalty was not as substantial as earlier feared.
- The headwinds don't seem to be over yet, as big technology companies are still under scrutiny and Meituan's costs could rise as a result of compliance with driver welfare measures.
- Meituan's forward FY 2022 Enterprise Value-to-Revenue multiple of 5.5 times is in line with historical averages.
For further details see:
Meituan: Market's Attention Still Lies With Government Policies And Regulations