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Meitu Incentivizes Employees With Share Awards
Meitu (01357.HK): Awarded a total of 368,837 shares as a reward.
On July 1, Globle News reported that Meitu (01357.HK) announced that on July 1, 2024, the company will grant a total of 368,837 shares of stock awards to eligible individuals under the share award plan, accounting for approximately 0.008% of the total number of issued shares as of the announcement date, subject to the acceptance of the grantee.
HKEX News: Bitcoin concept stocks rebounded, and Bitcoin once rose above $62,000. The chairman of the US SEC stated that the approval process for the Ethereum spot ETF went smoothly.
Bitcoin concept stocks rebounded today. As of press time, OSL Group (00863) rose by 6.3%, to HKD 5.57; Sinohope Tech Holdings (01611) rose by 3.7%, to HKD 2.24; Meitu Inc. (01357) rose by 2.33%, to HKD 2.64.
[Brokerage Focus] GF Sec initiates coverage on Meitu (01357) with a "buy" rating, citing its leading MAU among peers and huge growth potential in C-end subscriptions.
Golden Finance News | GF Securities Research Institute pointed out that Meitu (01357) is a leading player in photograph beautification, with deep user recognition and leading MAU. According to Questmobile, Meitu Xiu Xiu has the highest user activity in the field of image editing. In April 2024, the company's MAU market share reached 54%, and its MAU market share has remained above 50% in the past two years, with high user stickiness. The second-ranked Wake-up Art had a market share of about 28.6% as of April 2024. Other competitors have much lower MAU market share compared to Meitu Xiu Xiu. The bank pointed out that according to the company's financial report, as of 2023,
Brokerage Focus: Guotai Junan Securities initiates Buy rating for Meitu (01357), indicating that it is expected to achieve curve overtaking in the wave of artificial intelligence.
According to Guotou Securities' research, Meitu (01357) has been deeply cultivating image editing for many years. With the explosive application Meitu Xiuxiu, it occupies users' mind and has long maintained the market's first share with high user stickiness. The market response to the new productivity scene products has been positive. According to the annual report, Meitu Design Studio's revenue has exceeded RMB 100 million in 2023, a year-on-year increase of 229.8%, nearly doubling the original target. According to Adobe's estimate, the market space for disseminators represented by KOL, e-commerce, and new media operations is as high as USD 31 billion. In recent years, this field has gradually been associated with the "Internet celebrity economy".
Meitu, Inc.'s (HKG:1357) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
It is hard to get excited after looking at Meitu's (HKG:1357) recent performance, when its stock has declined 22% over the past three months. However, stock prices are usually driven by a company's
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