Meituan Share Price
Figure 1: Back to early 2023, Meituan share price dropped drastically as market/analyst expected it will be affected badly with Douyin expanding into takeout business.
Figure 2: A year later, what market/analyst expectation is not happened!! In fact, Meituam and Douyin has different target consumer segment.
Meituan consumer: know exact what want to buy
Douyin consumer: sudden want to buy when watch livestream
Meituan consumer: know exact what want to buy
Douyin consumer: sudden want to buy when watch livestream
Figure 3: At what price it should be? In early 2023, its share price is around 150 with Meituan continues making loss and still under COVID-19 movement control. Today, these 2 unfavourable factors are lifted. But, its share price still around 110.
Figure 4: As of last week, the short selling at extremely high of 25.2%! It explained why Meituan share price is still very low compared to Douyin panic news early last year!
Figure 4: As of last week, the short selling at extremely high of 25.2%! It explained why Meituan share price is still very low compared to Douyin panic news early last year!
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