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        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.
        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%.
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