$MEITUAN-W (03690.HK)$ 11月16日港股收盘后，腾讯发布第三季度财报，同时披露一则早有传闻的消息：减持美团。
根据腾讯发布的公告，腾讯在本次派息前持有美团约17.04%的股份，按股份计则为1,054,580,992股，按计划将向股东派发958,121,562股美团股票，占其持有美团股票的90.85%，占美团总股本的15.48，按照11月15日收盘价计算，总派息金额约1,594亿港元，对应腾讯的股息率为5.9%。派息结束后，腾讯将持有美团1.56%的股份。对于腾讯股东，每持有10股腾讯者可获得1股B类美团股票，享有美团股票实物分派权利的腾讯股份于联交所的最后买卖日期预期为2023年1月4日，厘定腾讯股东于美团股票实物分派权利的记录日期为2023年1月10日，符合要求的腾讯股东交割并收到美团股票的时间预计为2023年3月24日左右。小部分注册地址在美国本土的基金（腾讯股东）由于合规原因，将直接被分派股数相对应的现金派息。不同于腾讯派息京东股票时的突如其来，派发美团股票的传闻其实已经传了好几次了，光是某一家外媒，我印象中就传了两次。  $TRIP.COM-S (09961.HK)$ $TENCENT (00700.HK)$

$Hang Seng Index (800000.HK)$ The Hang Seng Index is rising more and more. Is there any possibility that a bull market is coming and that it will rise infinitely? 10W points will be the end [laughing]. There has always been no shortage of market drummers. The Hang Seng Index rebounded by nearly 4,000 points this month. I have never seen such a big rebound in a single month. In 2007, it rebounded 10,000 points in February. Although the world's major financial markets have performed the worst, it is normal for them to fall deep and fall to death; they are already far behind. As for reversing the bull market, there has been no improvement in fundamentals; the year was more decent with news. Tencent's performance should not be impressive, and stock positions will not stop being replenished. There are reservations about the further increase in the Hang Seng Index, and the reaction to derivatives is different. It is rare for the Hang Seng Index Bull and Bear Index ratio (number of shares) to lose 0.4% (24) bears 99.6% (6,791). Yesterday, the Hang Seng Index cyclical subscription of 18200call had quite a few intraday transactions. Today, they all settled on the same day without spending the night. Using yesterday's market, it's impossible to sell orders. Bull and bear securities have now peaked, and Hang Seng Index options are only intraday institutional operations. The price of premium options is higher in the middle of the month than at the beginning of the month, and is no longer attractive. Most of the cycle options are fresh, and unclosed contracts are visible. Today, Wednesday, the option premium will return to Monday's price, and the settlement date is two more days away. The Hang Seng Index rose, the panic index rose, and the rise was uneasy. derivatives and spot goods were on the same page. It wasn't easy to double buy the Hang Seng Index this week; on Monday and Tuesday, only the latter made a profit. There must be a reason why options trading is weak. It's hard for mature traders to win. Beginners and conservatives don't look bad; they don't lose when they earn less. At this point, they both buy...

$MEITUAN-W (03690.HK)$ Fortunately, the market has absorbed almost all of the negative factors. Currently, I think there are a few highlights.
1. Although the expected revenue of the market still declined year-on-year, the margin was only 0.68%. If the performance is a little better, it exceeds expectations. “Expectations are declining, actual growth”. This increase in confidence in investors in the secondary market doubles;
2. Although game revenue was bad in Q3, game traffic increased by 5% in October, with overseas growth of 12%, and there was also a certain recovery. Also, we need to pay attention to Q3's deferred revenue to look forward to the impact in the next few quarters.
3. After many quarters of “cost reduction and efficiency”, Tencent's cost control may be stronger than expected, and profit performance is likely to exceed expectations. This situation shows that improvements in its internal operations have achieved certain results. Rumor has it that some businesses are online, and there will be layoffs at the end of the year, which is good news for shareholders.
4. Investors who pay attention to Tencent's non-operating income also need to note that Tencent's holdings, such as Meituan, Kuaishou, and Pinduoduo, actually rebounded to a certain extent in Q2, which also meant that changes in their fair value had a positive impact.
Overall, it is more likely that Tencent's Q3 earnings will exceed market expectations. From the market on the 15th, it can also be seen that the market's expectations for it have further increased.
If you are a friend who is very confident in financial reports, you can of course buy stock or call for bullish options.
Of course, if you think there will be a pullback after a sharp rise, or if you are not optimistic about the Q3 earnings report, you can also choose to buy...