Spinee wrote a post · Nov 28, 2023 20:14

MEITUAN ADR Shr Price Slumps 10%+; Broker Foresees Margin Pressure

$MEITUAN-W(03690.HK)$ released its financial results for the third quarter of 2023 after market close yesterday (28th). The share price of the company's ADRs plummeted 10.8% to US$24.8.

$Meituan ADR(MPNGY.US)$

Goldman Sachs anticipated the operating profit margin of MEITUAN-W, in particular its core local commerce segment, to remain torpid in the fourth quarter. The broker projected the EBIT margin for the in-store, hotel & travel margin segment to contract from 35% to 28%.

$Meituan(ADR)(MPNGF.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$ $Hang Seng Index(800000.HK)$ $JD-SW(09618.HK)$ $Bytedance Concept Stocks(BK1266.HK)$ $ByteDance(FT0001)$

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HopelessChi : burned

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