Market Insight | Meituan-W surges over 3% in the afternoon, with a cumulative increase of over 23% after performance, while S&P and Fitch have recently raised the company's credit ratings
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Meituan-W's stock price rose by over 3% in the afternoon, with a cumulative increase of over 23% post-results. As of the time of publication, the stock price was at HKD 126.8, with a turnover of HKD 17.88 billion. Rating agency Standard & Poor's has upgraded Meituan's long-term credit rating to "BBB+", while Fitch has also raised its rating to "BBB", reflecting the improvement in Meituan's profitability and strong free cash flow
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