<p>Meituan-W (03690.HK) will announce its third-quarter performance after the market closes today (28th). The stock has fallen for three consecutive days. After opening higher by 0.6% at 109.3 yuan this morning, it reversed course and fell to 103.6 yuan in the afternoon, hitting a 52-week low. It is currently trading at 103.9 yuan, down 4.3%, with a trading volume of 22.5932 million shares and a turnover of 2.389 billion yuan. Although the delivery volume of Meituan-WR may be affected by macroeconomic factors and subsidy measures, it is supported by the seasonal travel during the summer vacation, the improvement in rider costs (abundant supply of riders leading to cost optimization), the growth of in-store business, and the expected upper limit of market operating margin of 30% to 35%. According to the comprehensive analysis of 8 securities firms, the adjusted non-IFRS net profit of Meituan-WR is expected to be between 4.823 billion and 5.695 billion yuan, an increase of 36.7% to 61.5% compared to the third quarter of 2022, which was 3.527 billion yuan. The median is 4.929 billion yuan, an increase of 40% year-on-year.</p>

MPNGY

83690

03690

<p>Meituan-W will announce its third-quarter performance after the market closes today (28th). The stock has experienced three consecutive declines and opened higher this morning, up 0.6% at 109.</p>

AASTOCKS

Meituan

MEITUAN-WR

MEITUAN

Meituan-W's pre-earnings slump by over 4%, hitting a 52-week low. Market estimates show that non-IFRS net profit for the last quarter increased by up to 61.5%.