Hong Kong stocks Meituan-W surges in the short term, rising over 3%

Hong Kong stocks Meituan-W short-term surge up more than 3%, trading at HKD 89.7. On the news, Citigroup upgraded its rating for Meituan Hong Kong stocks to “Buy” and raised the target price from HKD 94 to HKD 110. The bank noted that, benefiting from a strategic focus on high-value customers and high-quality users, the unit economic efficiency of Meituan’s food delivery business is expected to see significant quarter-over-quarter improvement in Q4 2025, with further improvement anticipated in Q1 2026.

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