MEITU Jumps 10% as CLSA Says 1Q Data Supports Valuation
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MEITUshares rose by 10.38% following a CLSA report highlighting positive 1Q operating data and growth in overseas markets. The stock peaked at HKD5.25, with a turnover of HKD497 million. CLSA noted MEITU's valuation at approximately 14x 2026 adjusted PE and a projected 18% EPS CAGR over three years. While a re-rating may take time, strong growth momentum suggests a potential rebound as investor focus shifts back to the software sector. CLSA maintains an Outperform rating on MEITU.
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