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Stock Slides 6.0% in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=2640097220","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640097220?lang=en_us&edition=fundamental","pubTime":"2026-06-03 16:31","pubTimestamp":1780475460,"startTime":"0","endTime":"0","summary":"This article was automatically generated by Dow Jones using technology from Automated Insights.Shares of Meituan shed 6.0% to 80.40 Hong Kong dollars on what proved to be an all-around grim trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.6% to 25633.21.The stock's fall snapped a three-day winning streak.Meituan closed 46% below its 52-week high of HK$149.80, which the company reached June 9.Trading volume totaled 83.9 million shares, compared to the 50-day average of 52.4 million 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Inflection Point in Sight -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2640735619","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640735619?lang=en_us&edition=fundamental","pubTime":"2026-06-03 11:51","pubTimestamp":1780458660,"startTime":"0","endTime":"0","summary":"0351 GMT - Meituan's core local commerce segment could stage an earnings turnaround in 2Q, spurred by reduced losses in the food-delivery business, DBS Group Research analysts say in a note. \"The subsidy-driven competitive pressure is easing materially,\" as indicated by the sharp sequential narrowing in the segment's 1Q operating loss, they write. The Chinese shopping-and-delivery platform also stands to gain from improved margins as key competitors reduce subsidies and redirect resources away from food delivery. DBS raises its 2026 and 2027 earnings forecasts for the company by 4% and 6%, respectively, and lifts the target price to HK$125 from HK$119, with a buy rating. Shares fall 6.1% to HK$80.30 after Tuesday's 9.3% advance following better-than-expected results. 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Improved Earnings Outlook Likely to Support Stock in Near Term -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2640918130","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640918130?lang=en_us&edition=fundamental","pubTime":"2026-06-02 15:30","pubTimestamp":1780385400,"startTime":"0","endTime":"0","summary":"0730 GMT - Meituan's improved earnings outlook is likely to support its stock price in the near term, Nomura analysts say in a research note. Its food delivery business's profitability improved significantly in 1Q, the analysts say. They point out that the segment turned positive in March and management expects it to break even in 2Q. \"This suggests that near-term earnings risk is improving meaningfully versus market concerns,\" they say. Nomura keeps its neutral rating, with a target price of HK$92.00. Shares last traded at HK$85.20. 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