MEITUAN-W (03690.HK) +7.600 (+5.784%) 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 NewsHSBC Research Lists 2Q-4Q Food Delivery Rev./ Operating Profit per Order Forecasts for MEITUAN-W (Table)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.)