---
title: "Hong Kong Stock Market News | MEITU opens more than 4% higher in the morning, institutions believe that the company's competitive advantage in the consumer market may be underestimated."
description: "MEITU opened more than 4% higher in early trading, and as of the time of writing, it has risen by 4.08% to HKD 3.83, with a turnover of HKD 7.18 million. Recently, Tianfeng Securities released a resea"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/103652755.md"
published_at: "2023-12-04T01:34:03.000Z"
---

# Hong Kong Stock Market News | MEITU opens more than 4% higher in the morning, institutions believe that the company's competitive advantage in the consumer market may be underestimated.

> MEITU opened more than 4% higher in early trading, and as of the time of writing, it has risen by 4.08% to HKD 3.83, with a turnover of HKD 7.18 million. Recently, Tianfeng Securities released a research report stating that after the company successfully switched its business model and the founder resumed the position of chairman, the strategic focus on the core business has realized strong revenue growth. At the same time, the company's competitive advantage in the consumer market may be underestimated. With the accumulation of experience and the expectation of accelerating integration and innovation in the AI era, the company is expected to regain its position in the original professional software market. At this stage, the bank emphasizes that MEITU, with a solid logic of core business growth, is expected to release its steady penetration into the entire B-side software industry, the amplification of user and scenario value, and the industry data advantage in long-term AI applications on the client side. It is recommended to continue to pay attention to the company's productivity product pace and its previous product expansion plans. The bank predicts that the company's revenue in 2023/2024 will be RMB 2.878/3.703 billion, and the bank gives MEITU a 2023 10XPS valuation, corresponding to a market value of HKD 30.95 billion, with a target price of HKD 6.96, and maintains a "buy" rating.

Zhitong App learned that MEITU (01357) opened more than 4% higher in the morning session, and as of the time of writing, it has risen by 4.08% to HKD 3.83, with a turnover of HKD 7.18 million.

Recently, Tianfeng Securities released a research report stating that after the company successfully switched its business model and the founder resumed the position of chairman, the strategic focus on the core business at the strategic level has realized strong growth in core business revenue. At the same time, the company's competitive advantage in the C-end may be underestimated. With the reliance on long-term accumulated experience and users, it is expected to regain the original professional tool software market in the process of accelerating integration and innovation of AI tools software in the AI era. At this stage, the bank emphasizes that MEITU, with a solid logic of growth in its core business, is expected to release its steady penetration into the entire B-end tool software industry, the amplification of user and scenario value, and the industry data advantage it possesses in long-term AI applications on the terminal side.

It is recommended to continue to pay attention to the company's productivity product rhythm and its previous product's overseas expansion plan. The bank expects the company's revenue in 2023/2024 to be RMB 2.878/3.703 billion, and the bank gives MEITU a 2023 10XPS valuation, corresponding to a market value of HKD 30.95 billion, with a target price of HKD 6.96, and maintains a "buy" rating.

### Related Stocks

- [01357.HK - MEITU](https://longbridge.com/en/quote/01357.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
