Movement Alert｜Meituan-W Rises 4.73% in Regular Trading, Q1 Earnings Beat Expectations with Significant Loss Narrowing

Market Focus

Jun 02

On June 2, Meituan-W rose 4.73% in regular trading, trading at 82.05 HKD/share, with trading volume of 1.351 billion HKD.

The rally was driven by Meituan's Q1 earnings released after market close on June 1, which came in above expectations. Revenue reached 91.039 billion yuan, up 5.6% year-over-year and above the consensus estimate of 90.795 billion yuan. Adjusted net loss was 4.97 billion yuan, significantly better than the market forecast of 6.83 billion yuan loss.

Notably, core local commerce operating loss narrowed dramatically to 2 billion yuan from 10 billion yuan in the prior quarter, representing an 80% sequential improvement. New business losses also contracted sharply to 2.1 billion yuan from 4.6 billion yuan quarter-over-quarter. Management indicated during the earnings call that delivery industry subsidies are trending toward rationality, with Q2 per-order unit economics expected to improve meaningfully versus Q1. Morgan Stanley maintains an Overweight rating with a 120 HKD target price, citing improved visibility on Meituan's path to profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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