Daiwa Securities: Raises target price of Meitu Inc. (01357.HK) to 15.7 Hong Kong dollars, reaffirms "buy" rating.

Zhitan Financial APP learned that Morgan Stanley released a research report stating that it is optimistic about the long-term growth potential of Meitu Company (01357.HK). The report is based on the clear development path of the management, focused strategic positioning, the ability to use generative AI, and prudent business scope. The rating is reiterated as "buy" and the target price has been raised from HK$14.4 to HK$15.7, equivalent to a forecasted dynamic P/E ratio of 1.6 times next year, reflecting a management guidance increase of approximately 11% for net profit in 2025.