Movement Alert｜MEITUAN-W Intraday Rise 3.32% in Regular Trading, rebound supported by completed 8 billion yuan senior notes issuance and earnings expectations

On October 30, MEITUAN-W recorded an Intraday Rise of 3.32% in Regular Trading, trading at HK$71.65, with turnover of HK$160 million.

The clearest recent catalyst is a same-day market alert linking the rebound to the completion of the company’s 8 billion yuan senior notes issuance, alongside broker expectations that third-quarter results should broadly meet forecasts.

Background details show the bond deal was structured in two tranches: 4.5 billion yuan of 2.50% notes due 2031 and 3.5 billion yuan of 3.10% notes due 2036, with proceeds mainly earmarked for refinancing existing offshore debt and general corporate purposes. Separately, a brokerage had reiterated a Buy rating and HK$120 target price, while forecasting third-quarter revenue of about 114.2 billion yuan and adjusted net profit of about 2.56 billion yuan. These developments provided fundamental context for the stock’s intraday rise after earlier weakness following the financing announcement.

(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.)