Movement Alert|MEITUAN-W Falls 3.24% in Regular Trading, Tech Sector Weakness and Earnings Concerns Weigh on Shares

Market Focus
Aug 24

On August 24, MEITUAN-W fell 3.24% in regular trading, trading at 82.7 HKD/share, with turnover of HKD 206 million.

On the news front, the broader internet sector came under collective selling pressure, with peer BABA-W down 8.13% and JD-SW down 1.82%, dragging tech stocks lower across the board. Meanwhile, MEITUAN-W is scheduled to report interim results on August 28. Market consensus expects adjusted EPS of -0.06 yuan for the quarter, representing a 103.88% year-over-year decline, with EBIT projected at -965 million yuan, marking a swing to loss.

Additionally, the Jackson Hole symposium and PCE data releases this week have driven market pricing of a September rate hike probability to 35%, with tightening macro rate expectations pressuring growth stock valuations broadly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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