83690 MEITUAN-WR
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- +1.600+1.71%
MEITUAN-WR News
Northbound funds are active|Net buying of 4.346 billion by Northbound funds. Domestic investors increased their holdings in Hong Kong stocks ETF and there is a significant divergence of telecommunication sector.
On August 12, in the Hong Kong stock market, the net buying volume of Beishui amounted to 4.346 billion Hong Kong dollars, of which the net buying volume of Hong Kong stock (Shanghai) was 2.691 billion Hong Kong dollars, and the net buying volume of Hong Kong stock (Shenzhen) was 1.655 billion Hong Kong dollars.
Hong Kong Shares Rise, Tracking Wall Street Gains -- Market Talk
Hong Kong stocks can't stop falling.
Will it be a safe haven for global capital?
Capital trend statistics for the Shenzhen-Hong Kong Stock Connect (T+2) on August 8th.
Capital trend of Smart Hong Kong Stock Connect | August 8th
Northbound funds trend: Northbound funds' net buy of 11.673 billion, domestic funds continue to increase their holdings of Hong Kong ETFs, rushing to buy tracker fund of Hong Kong with over 5.6 billion HKD.
On August 7th, in the Hong Kong stock market, Beishui's net purchase transaction was 116.73 billion Hong Kong dollars, of which the net purchase of the Hong Kong Stock Connect (Shanghai) was 6.64 billion Hong Kong dollars, and the net purchase of the Hong Kong Stock Connect (Shenzhen) was 5.033 billion Hong Kong dollars.
Haitong Sec's Q2 24 fund Hong Kong stock position analysis: increased positions in internet plus-related stocks and reduced positions in high dividend stocks.
In the second quarter of 24, public funds adjusted their investment strategies in the Hong Kong stock market, reducing their holdings in high dividend-paying sectors, especially in the energy and materials sectors with large gains in the previous period, while increasing their holdings in technology and financial real estate sectors, and reducing their holdings in pharmaceuticals, manufacturing, and the Csi Sws Food & Beverage Index sector.
Meituan sets its sights on small businesses like nail salons.
Explore the potential of the industry chain.
The investment rating of the bank: Morgan Stanley holds a relatively optimistic view on Meituan's core profitability and sets a target price of HKD 120.
Morgan Stanley released a report stating that considering the improvement of economic benefits for food delivery units and the recovery of in-store profits due to stable competition, they hold a relatively optimistic view of Meituan's core profitability and maintain a "synchronized with the market" rating. The target price is HKD 120. Barclays expects Meituan's Q2 local core business revenue to reach CNY 60.5 billion, an increase of 18% year-on-year; operating profit is CNY 12.8 billion, an increase of 15% year-on-year. Due to the continued narrowing of losses from new businesses, total revenue is expected to be CNY 81.3 billion, a year-on-year increase of 19.7%, with operating profit of CNY 10.8 billion under non-international financial reporting standards.
Meituan Likely to Deliver Solid 2Q Results -- Market Talk
Citigroup: Maintains a "buy" rating on Meituan-W (03690) with a target price of HKD 140.
Citigroup predicts that Meituan-W (03690) will achieve a quarterly revenue of 80.2 billion RMB, an increase of 18% year-on-year.
South-North Water | Record high! Foreign capital bought nearly 20 billion A-shares, and the southbound capital added more than 2.1 billion to Tencent's position.
Northbound funds significantly net bought A shares for 19.58 billion yuan, while southbound funds net bought Hong Kong stocks for 2.291 billion Hong Kong dollars.
Brokerage Focus: Guoyuan International believes that the internet plus-related industry still has investment value and recommends Tencent (00700) and Meituan (03690).
Jingwu Finance News | Guoyuan International Internet Industry Weekly Report pointed out that overall, due to the current stage of China's economic and consumer recovery, some Internet companies may face risks of slowing performance growth or falling short of expectations as the mid-term disclosure period approaches. However, as Hong Kong stocks have undergone tactical outflows of overseas capital and valuations have shown significant repair, the improvement of Internet companies' fundamentals under macroeconomic pressures is limited. But with the current Internet companies' general buybacks and relatively low valuations, coupled with the continuous landing of policies and the gradual transformation of business efficiency by AI technology, the industry as a whole still has investment value.
[VIP Guest Commentator] Deng Shengxing: Market anticipates monetary easing by the central bank. Hong Kong stock market is hovering around 17,000 points.
Kingfive Finance News | The Hang Seng Index closed at 17238 on Monday (29th), up 217 points or 1.3%. The total market turnover was HKD 84.7 billion for the whole day. The CSI300 rose by 1.2% to 6080 and the ChiNext rose by 0.7% to 3466. The blue chips Tencent (00700) rose by 1.1%; Meituan (03690) rose by 0.7%; China Resources Beer (00291) fell by 3.6%, the worst performing blue chip. After the sharp rise of construction machinery stocks last week, they fell back today. Heavy truck (03808) fell by 7.9%; Weichai Power (02338) and Zoomlion (01157) fell by 4.4% respectively; The Dow Jones Industrial Average
Meituan-W has granted a total of 3.1488 million shares of incentive shares under the first public offering reward plan.
Meituan-W (03690) announced that on July 26, 2024, the company granted a total of 3.1488 million restricted share units in the form of incentive shares under the first public offering share incentive plan, including 3.1257 million incentive shares granted to several employees of the Group Participants; and 0.0231 million incentive shares granted to several service providers of the Group, which depends on their acceptance and the terms and conditions of the first public offering share incentive plan.
Meituan-W (03690.HK) has awarded a total of 3.1488 million shares of reward shares.
On July 26th, Gelunhui announced that the company had granted a total of 3,148,785 restricted share units in the form of reward shares for the first public offering share reward plan on July 26, 2024, including (i) granting 3,125,664 shares of reward shares to several employees of the group participants; and (ii) granting 23,121 shares of reward shares to several service providers of the group, subject to acceptance and the terms and conditions of the first public offering share reward plan.
Meituan-W (03690.HK) spent 0.374 billion Hong Kong dollars on July 26 to repurchase 3.483 million shares.
On July 26th, Meituan-W (03690.HK) announced the repurchase of 3.483 million shares for HKD 0.374 billion.
Express News | Meituan Bought Back 3.5 Mln B Shares for HK$374.2 Mln on July 26 - HKEX Filing
Northbound funds increased their holdings of Tencent by more than HKD 500 million, against the trend, while Southbound funds sold more than CNY 800 million worth of Moutai shares.
Track the latest trends of north-south directional funds.
Express News | Meituan Bought Back 4.6 Mln B Shares for HK$495 Mln on July 25 - HKEX Filing
Meituan-W (03690.HK) spent HK$0.495 billion to repurchase 4.6 million shares on July 25
Glonghui July 25 | Meituan-W (03690.HK) announced that it would spend HK$0.495 billion to repurchase 4.6 million shares on July 25.
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