Bank of America Securities: Meitu Company (01357.HK) continues to see growth in paid users and maintains a "Buy" rating.

According to a report from Bank of America Securities, Meitu Inc. (01357.HK) is expected to see its main business revenue from "image and design products" grow by 30.9% year-on-year in the first half of the year, demonstrating solid performance. This growth is projected to drive an adjusted net profit growth of 36% to 40% under non-IFRS standards, with a goal of reaching 1.35 billion RMB in the fiscal year 2026. The firm maintains a "Buy" rating, anticipating that the growth in paying users and operating leverage will continue to support the business fundamentals. With the current valuation not deemed expensive, a target price of HKD 74 is set.