On June 3, Meituan-W declined 3.33% in regular trading, trading at 81.65 HKD/share, with trading volume of 1.272 billion HKD. The stock had surged over 8% in the previous session after Q1 results beat expectations, and today's decline reflects profit-taking.

On the news front, Meituan reported Q1 revenue of 91.04 billion yuan, with an adjusted net loss of 4.97 billion yuan — significantly better than the market consensus loss estimate of 6.83 billion yuan. However, the company remains in loss-making territory. Market share in food delivery has declined from 68% pre-competition to approximately 50%-55% by orders, and while the competitive landscape is stabilizing, it has not fundamentally reversed.

The broader Internet and Direct Marketing Retail sector was under pressure simultaneously. Among sector peers, BABA-W fell 2.37%, JD-SW fell 3.75%, Ali Health fell 2.62%, JD Health fell 3.82%, and PA GoodDoctor fell 2.87%, indicating clear sector-wide drag on sentiment.

(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.)