Goldman Sachs pushed back its estimate of recovery timing of Meituan's businesses by roughly one year, in view of the epidemic resurgence in China during winter which impeded in-store activities, but with potential relaxation from the second quarter of 2023.
Ahead of Meituan's results for the third quarter of 2023, Goldman Sachs forecast its revenue to gain 25% year over year and adjusted EBIT to break even.
The bearishness amid pandemic was expected to persist . . .
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