Weekly Recap | MEITUAN -2.47%, consensus target above spot
Weekly Review·
- Meituan-W fell 2.47 % this week to close at 73.2 HKD, underperforming the Hang Seng Index by about 1.8 percentage points amid low trading volume.
- Key events included the launch of its second drone delivery network in Shanghai, regulatory warnings on online hotel booking, and an ongoing investigation concerning competition law.
- Thirty-eight institutions maintain a consensus buy rating with an average target price of 110.57 HKD, which exceeds the current price by 51.05 %.