No Data
No Data
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
[Brokerage Focus] Bocom Intl raises Meituan's target price by 5.4%, expecting steady growth in various business sectors in the second half of the year.
According to a research report by Bocom Intl, Meituan (03690) recorded a 21% year-on-year increase in revenue in the second quarter, higher than the bank's/unanimous expectation of 19%/18% growth. The core business/new business saw a 19%/29% increase. The core business's adjusted operating profit margin improved by 3.3 percentage points year-on-year, surpassing the bank's expectation. The loss of the new business narrowed significantly compared to the previous period. The bank stated that the company's various businesses will continue to grow steadily in the second half of the year, meeting the diverse needs of users with diversified products. It is expected that the company's revenue/adjusted operating profit growth in 2024 will exceed the previous expectations by about 1.2%/8%. Among them, it is expected that 202
As usual, Meituan (03690.HK) in Q2: steady and seeking synergy.
Q2 is the traditional peak season for e-commerce, and the local consumer demand for food, drink, and entertainment is also reaching its peak. The performance of major platforms varies, and Meituan continues to play a stable role. According to the company's financial report, Q2 revenue reached 82.3 billion yuan, a year-on-year growth of 21%; the annual active buyer and annual active seller numbers both hit a record high. Meituan is firmly advancing its "retail + technology" global strategy, actively adapting to changes in the industry demand, meeting the local users' needs for "food, accommodation, transportation, entertainment, and shopping," and achieving steady growth. The first and second quarter reports are steady, and the consumption pattern is transforming towards diversity, speed, quality, and cost-effectiveness. Meituan continues to assist local retail while focusing on technology innovation.
Meituan Launches $1 Billion Share Buyback Program
Jefferies Adjusts Meituan's Price Target to HK$150 From HK$142, Keeps at Buy
No Data