MEITUAN-W (03690.HK) plans to hold a Board of Directors meeting on March 21 to approve the annual performance.

Gelonghui, on March 11, announced that MEITUAN-W (03690.HK) has scheduled a Board of Directors meeting on March 21, 2025 (Friday) to consider and approve the group's full-year performance for the year ending December 31, 2024, as well as to address Other matters.

Gelonghui FinanceMar 11 04:42 ET

Date of Board Meeting

HKEXMar 11 04:32 ET · Announcements

【Brokerage Focus】Citigroup: Deliveroo exits Hong Kong, Meituan Keeta is expected to capture market share, maintaining a "Buy" rating for Meituan.

Jinwo Cai News | Citibank released a research report indicating that the takeaway platform Deliveroo is withdrawing from the Hong Kong market ahead of schedule, and this change is very Bullish for Keeta, a subsidiary of Meituan (03690). With Deliveroo's exit, the competitive landscape of the Hong Kong takeaway market is being reshaped, and Keeta is likely to capture more market share, thereby narrowing the gap with Foodpanda. Citibank predicts that in the coming months, Keeta and Foodpanda will each hold 50% of the Hong Kong market, creating a dual oligopoly.

Jingwu Financial NewsMar 10 22:20 ET

Citi: Maintains MEITUAN-W 'Buy' rating with a Target Price of 200 Hong Kong dollars.

Citi released a Research Report stating that it maintains a "Buy" rating on MEITUAN-W (03690), with a Target Price of HKD 200. It is reported that Deliveroo has decided to exit the Hong Kong market by selling part of its Assets to Foodpanda, which is under Delivery Hero. The firm believes this is a positive outcome for Keeta/MEITUAN, as the Hong Kong market will now become a duopoly, and Keeta is likely to capture more market share from Deliveroo, narrowing the gap with Foodpanda in the coming months.

Sina Hong Kong stocksMar 10 22:07 ET

Citi: Maintains MEITUAN-W (03690) "Buy" rating with a Target Price of 200 HKD.

With the recent launch of coupon packages, the bank believes this will help Keeta improve its working capital situation, stimulate higher ordering frequency, and increase user stickiness.

Zhitong FinanceMar 10 22:00 ET

East Asian Securities: The valuation of Hong Kong Technology stocks still has room for revaluation, raising the Target Price for the Hang Seng Index to 26,000 points.

According to Zhitong Finance APP, Hong Kong stocks have recently significantly outperformed A-shares. Regarding the large gap in the performance of the two, Chan Wai Chung, senior investment strategist at East Asia Securities, pointed out that Hong Kong stocks have a higher weight in Technology stocks, while A-shares are not dominated by Technology stocks, making Hong Kong stocks more beneficial when speculating on the AI Concept.

Zhitong FinanceMar 10 08:48 ET