MEITUAN-W (03690.HK) -2.100 (-1.499%) Short selling $1.63B; Ratio 17.427% 's 1Q25 results beat expectations by 1%, while core operating profit was 12% ahead of forecast, CMSI released a research report saying. However, due to factors such as subsidies for food delivery and expanding loss from overseas business, CMSI chopped its target price on MEITUAN-W to $177 (originally $212), with rating kept at Overweight.Related NewsG Sachs' Ratings/ TPs for CN Dotcoms (Table)MEITUAN-W's revenue grew 18% YoY (20% in the previous quarter) to RMB86.6 billion, 1% above estimation. Adjusted operating profit amounted to RMB11.2 billion, up 62% YoY, beating prediction by 12%, with a core operating profit margin of 13.0% (up 3.5 ppts YoY).(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.)