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<Research>BOCI Cuts MEITUAN-W's TP to HKD168, Reiterates Rating at Buy
MEITUAN-W (03690.HK)'s 1Q25 results exceeded expectations, but intensified competition will increase the pressure on its earnings, BOCI released a report indicating.The broker ...
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<Research>BOCI Cuts MEITUAN-W's TP to HKD168, Reiterates Rating at Buy
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MEITUAN-W (03690.HK)  +8.000 (+6.088%)    Short selling $1.22B; Ratio 20.856%   's 1Q25 results exceeded expectations, but intensified competition will increase the pressure on its earnings, BOCI released a report indicating.

The broker reiterated a Buy rating on MEITUAN-W can cut its target price to HKD168.

Related NewsUBS Cuts MEITUAN-W's TP to HKD200 w/ Lower Earnings Forecasts
According to the report, MEITUAN-W's 1Q25 adjusted net profit, benefiting from improved operating profit in core local commerce businesses, grew by 46% YoY to RMB10.9 billion, surpassing the market's and the broker's expectations, though it was partially offset by losses in new businesses.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)

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