03690 MEITUAN-W
- 119.300
- +0.700+0.59%
MEITUAN-W News
Meituan has started to take the initiative.
From defense to attack.
Meituan-W (03690) announced on September 9th a buyback of 4.2195 million shares for HKD 500 million.
Meituan-W (03690) announced that the company will repurchase 421 shares for HKD 0.5 billion on September 9, 2024....
Express News | Meituan Bought Back 4.2 Mln Shares for HK$499.9 Mln on Sept 9 - HKEX Filing
[Brokerage Focus] Yongxing Securities maintains a buy rating on Meituan (03690) and is optimistic about its organizational restructuring to support the stability of its core business and reduce losses in new business.
Jinwu Information | Yongxing Securities announced that Meituan (03690) achieved a revenue of 82.3 billion yuan in the second quarter of this year, a year-on-year growth of 21%; operating profit of 11.3 billion yuan, a year-on-year growth of 139%; adjusted net profit of 13.6 billion yuan, a year-on-year growth of 78%. The second quarter revenue from new businesses of Meituan was 21.57 billion yuan, a year-on-year growth of 28.7%; the operating loss of new businesses was 1.31 billion yuan, a significant improvement compared to a loss of 2.76 billion yuan in the first quarter. In the first half of this year, Meituan carried out a series of organizational restructuring for its core local business. Meituan's core local
Continued heat! Technology stocks have sparked a wave of stock buybacks in the Hong Kong stock market. Which companies are worth paying attention to?
What impact will the diversified trend of share buybacks in the Hong Kong stock market have?
Express News | Meituan Bought Back 4.2 Mln Shares for HK$498.2 Mln on Sept 5 - HKEX Filing
Everbright Securities: Alibaba-SW Taobao and Tmall plan to add WeChat Pay, maintaining a "buy" rating.
Everbright Securities released a research report stating that it maintains a "buy" rating on Alibaba-SW (09988). The addition of WeChat Pay to Taobao and Tmall is beneficial for further improving the platform ecosystem and enhancing the shopping experience for consumers. The forecast for the company's net income attributable to common shareholders in FY2025/FY2026/FY2027 is temporarily maintained at 85.449/90.702/94.562 billion yuan. The company's organizational structure and development strategy are gradually becoming clearer. After the Hang Seng Index added the Hang Seng Stock Connect Index on September 4, Alibaba-W is expected to accelerate its inclusion in the Hang Seng Stock Connect Hong Kong Index. Everbright Securities' main observation.
The internet giants have broken down the walls! The three giants have deepened their interconnection on the same day.
Since 2021, the trend of "internet plus-related" has become a trend in the internet industry, and with the peak of traffic dividends, big companies continue to seek incremental growth, so following the trend of "internet plus-related" is an inevitable choice. Taobao introducing WeChat Pay, Meituan Takeout and hotels opening Alipay mini-programs can be seen as important milestone events in payment integration.
Express News | Meituan Bought Back 258,700 B Shares for HK$30.3 Mln on Sept 3 - HKEX Filing
[Brokerage Focus] Orient Securities maintains a "buy" rating on Meituan (03690), pointing out that Q2 profits exceeded expectations and new businesses significantly reduced losses.
Jingu Finance News | Orient Securities released research reports, stating that Meituan (03690) achieved Q2 2024 revenue of 82.3 billion yuan (YoY + 21%), in line with the expected 80.4 billion yuan. In terms of profit, Q2 2024 adjusted operating profit was 13.9 billion yuan (expected 10.2 billion yuan), with an operating margin of 16.9% (Q2 2023: 8.7%, Q1 2024: 9.5%), showing significant improvement both year-on-year and quarter-on-quarter. This is mainly due to the release of core local business profits and a significant narrowing of losses in new businesses. Adjusted net income for Q2 2024 was 13.6 billion yuan (expected 10.3 billion yuan), with a net income margin of 16.5% (Q2 2023: 11.3%).
HK concept tracking | Target 600 billion yuan! Shanghai is making efforts in live-streaming e-commerce and is expected to have broad development prospects in the future (including concept stocks).
Recently, Shanghai issued the "Three-Year Action Plan (2024-2026) for Promoting High-quality Development of Live-streaming Economy". It proposes that by 2026, Shanghai will strive to become a global hub for the live-streaming economy with international influence.
Hong Kong Exchanges and Clearing Limited will launch a weekly series of stock options starting from November 4th for trading.
HKEX will launch ten listed stock options contracts, which will be available for market participants to trade from November 4, 2024.
Fund trends | Beishui significantly bought 11.9 billion Hong Kong dollars of Hong Kong stocks, Tencent was net sold 0.19 billion.
Track the latest trends of southbound funds.
[Brokerage Focus] AMTD International Upgrades Meituan (03690) with a target price of 15.27%, bullish on the potential profit release brought by the synergy of in-store and delivery business.
Jingu Financial News | Onex International issued a research report, stating that Meituan (03690) total revenue increased by 21% year-on-year to 82.3 billion yuan, slightly exceeding the market's expectations by 2%. Among them, core local business/new business increased by 19%/29% year-on-year to 60.7 billion yuan/21.6 billion yuan. Adjusted EBITDA increased by 95% year-on-year to 15 billion yuan, exceeding the market's expectations of 23%; adjusted net income increased by 78% year-on-year to 13.6 billion yuan, surpassing the market's expectations of 32%, mainly benefiting from the improvement of core local business profitability and significant narrowing of losses in new business. The bank stated that the operating loss in the second quarter was 1.3 billion yuan, better than the market's expected 2.1 billion yuan.
Performance brings surprises and buybacks, Meituan's stock price has risen for two consecutive days.
On Thursday, Meituan (03690) soared after announcing better-than-expected second-quarter earnings and a new $1 billion buyback plan, stimulating a sharp increase of 12.5% to $115.7, making it the largest blue-chip stock and leading in trading volume with a total of HK$10 billion. Meituan's second-quarter revenue this year was RMB 82.25 billion, a 21% year-on-year increase, with adjusted net profit of RMB 13.6 billion, a growth of 78%, both surpassing market expectations. The overall operating profit margin reached 13.7%, a significant increase of 6.8 percentage points over the year, with the core local business division's operating profit margin at 25.1%, an increase.
The Zephirin Group Adjusts Meituan's Price Target to HK$123 From HK$112, Keeps at Buy
[Brokerage Focus] Open Source Securities maintains a "buy" rating on Meituan (03690) and points out that the barriers to the food delivery business are solid and the flash purchase business is resilient.
Jingu financial news | Open source securities issued research report, Meituan (03690) Q2 revenue and profit exceeded expectations, core business profit margin and new business loss reduction better than expected. The bank pointed out that the profit growth rate of instant delivery is faster than the revenue and the number of orders, and the realization rate of the competition in the store is expected to rebound. Based on the steady growth of instant delivery orders, the improvement of advertising monetization rate and subsidy optimization, the continuous improvement of store business profit margin, and the better-than-expected loss reduction of community group buying business, the bank raised the company's 2024-2026 non-IFRS net profit forecast to 39.4/52.1/64.5 billion yuan (previous value: 362/459/621)
China merchants: Maintains a "shareholding" rating for Meituan-W (03690), with the target price raised to 157 Hong Kong dollars.
China Merchants Securities raised its revenue forecast for Meituan-W (03690) for the fiscal years 2024 to 2026 by approximately 2%.
Meituan Outlook Brightens But Risks Still Loom
[Special guest V] Deng Shengxing: Hong Kong stocks rise to current levels, limited room for further gains.
King's Wealth News | Hang Seng closed at 17786 on Thursday (29th), up 93 points or 0.53%. The total market turnover for the day was 108.1 billion yuan. The national index rose by 0.34% to 6247; the science and technology index rose by 0.46% to 3461. Blue-chip Meituan (03690) adjusted its profit upwards by 78% in the last quarter and surged 12.5% throughout the day, making it the best-performing blue-chip; Apple's concept stocks surged overall as reported new iPhone orders increased by 10%. Cowell Electronic (01415) rose by 1.6%; Dow Jones closed at 41335 points on Thursday (29th), up 243 points or 0.59%. The Nasdaq retreated less than
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