Weekly Recap | MEITUAN -6.18%, consensus target above spot
Weekly Review·
- Meituan - W shares accumulated a 6.18 % decline over 4 trading days, closing at 75.1 HKD with a total amplitude of 11.34 % amid weak trading volume.
- The company advanced business expansions including drone delivery and flash sales while facing regulatory penalties and antitrust hearing notices.
- Thirty - seven institutions maintained a consensus buy rating with a target price of 110.36 HKD, representing a 46.9 % premium over the current price.
