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Shares Jump on Improved Earnings Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2640994359","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640994359?lang=en_us&edition=fundamental","pubTime":"2026-06-02 12:14","pubTimestamp":1780373640,"startTime":"0","endTime":"0","summary":"Meituan shares rose sharply in Hong Kong after better-than-expected results lifted investors' confidence about its earnings outlook.Shares of China's top on-demand delivery player climbed 7.7% to 84.30 Hong Kong dollars, equivalent to US$10.76, by the midday break Tuesday, outperforming the Hang Seng Tech Index's 3.5% gain.The Beijing-based company on Monday reported a smaller-than-expected loss and faster revenue growth. On the earnings call, management said the company could witness a meaningful sequential improvement in unit economics--a gauge of profit or loss per food-delivery order--in the second quarter if competition stays rational.Meituan has been battling with Alibaba Group and JD.com to defend its market leadership in food delivery. The stock remains down 18% year to date.Now that \"the worst of the competitive intensity is over,\" Meituan will be able focus on driving artificial-intelligence adoption and product enhancement, wrote Citi analysts, who reiterated a buy rating 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signs of easing** Revenue for the quarter ended March 31 up 5.6% y/y at 91 bln yuan  with adjusted net loss narrowing to 4.97 bln yuan from a 15.1 bln yuan loss in the fourth quarter** Citi keeps \"Buy\" rating and lifts target price to HK$113 from HK$110, believing the worst of the competitive intensity is over, allowing Meituan to focus on driving AI adoption and product 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red-hot competition that hammered margins in China’s online commerce arena.","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.theedgesingapore.com/news/china/meituans-losses-narrow-after-chinese-food-fight-cools?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"viewpoints,express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MPNGY","03690","OND"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1111709424","title":"Morgan Stanley Maintains Meituan Target Price at HK$120, Citing Faster-Than-Expected Loss Reduction","url":"https://stock-news.laohu8.com/highlight/detail?id=1111709424","media":"Deep 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Corporate Updates from Hong Kong-Listed Firms: Drug Approvals, A-Share Plans, and May Sales Figures","url":"https://stock-news.laohu8.com/highlight/detail?id=1169363174","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1169363174?lang=en_us&edition=fundamental","pubTime":"2026-06-02 09:09","pubTimestamp":1780362596,"startTime":"0","endTime":"0","summary":"Significant corporate developments have been announced by several Hong Kong-listed companies.  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Look At Meituan’s (SEHK:3690) Valuation After Q1 2026 Earnings Swing To Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=2640934169","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640934169?lang=en_us&edition=fundamental","pubTime":"2026-06-02 07:28","pubTimestamp":1780356517,"startTime":"0","endTime":"0","summary":"Why Meituan’s Q1 2026 earnings matter for shareholders\nMeituan (SEHK:3690) reported first quarter 2026 results showing sales of CNY 91,038.91 million and a net loss of CNY 6,827.41 million, compared with sales of CNY 86,206.15 million and net income a year earlier.\nSee our latest analysis for Meituan.\nThe Q1 2026 results, which showed higher sales but a shift to a net loss, coincided with a 1-day share price return of 6.54% to HK$78.25. However, the share price is still down 25.19% year 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Jones Top Company Headlines at 11 AM ET: People Inc. Offers to Buy Rest of MGM Resorts, Valuing Company at Around $12.4 Billion | Nvidia ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2640530968","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640530968?lang=en_us&edition=fundamental","pubTime":"2026-06-01 23:00","pubTimestamp":1780326000,"startTime":"0","endTime":"0","summary":"People Inc. Offers to Buy Rest of MGM Resorts, Valuing Company at Around $12.4 Billion. Barry Diller, whose company already owns a 26% share of casino giant, said MGM's potential isn't being fully realized in the public markets.Nvidia Introduces First PCs Designed for AI Agents. The chip giant will work with manufacturers including Dell, Lenovo and HP to make the laptops, designed to support agentic computing.Motorola Solutions to Buy Counter-Drone Technology Company for $1.5 Billion. Motorola Solutions has signed a deal to buy D-Fend Solutions for $1.5 billion, adding increasingly important counter-drone technologies to its portfolio of safety and security solutions.JetBlue Airways said it is seeing strong demand across all geographies and cabins even as surging fuel costs force airlines to raise prices and cut routes.UAW Goes on Strike at Key General Motors Truck Supplier Plant. Berkshire Hathaway to Buy Home Builder Taylor Morrison for $6.8 Billion. Castlelake Values Potential 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Jones Top Company Headlines at 9 AM ET: Nvidia Introduces First PCs Designed for AI Agents | Motorola ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2640295496","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640295496?lang=en_us&edition=fundamental","pubTime":"2026-06-01 21:00","pubTimestamp":1780318800,"startTime":"0","endTime":"0","summary":"The chip giant will work with manufacturers including Dell, Lenovo and HP to make the laptops, designed to support agentic computing.Motorola Solutions to Buy Counter-Drone Technology Company for $1.5 Billion. Motorola Solutions has signed a deal to buy D-Fend Solutions for $1.5 billion, adding increasingly important counter-drone technologies to its portfolio of safety and security solutions.JetBlue Airways said it is seeing strong demand across all geographies, particularly for close-in travel and routes previously operated by Spirit following the budget airline's shutdown.UAW to Strike at Key General Motors Truck Supplier Plant. American Axle's Michigan plant makes key parts for Chevy Silverado, GMC Sierra trucks.Berkshire Hathaway to Buy Home Builder Taylor Morrison for $6.8 Billion. Castlelake Values Potential easyJet Offer at Minimum of $4.12 Billion. Why It Matters if OpenAI or Anthropic Wins the IPO Race. GLP Eyes Up to US$3.0 Billion Hong Kong IPO, Sources Say. 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