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Choosing between A-shares or Hong Kong stocks, Technology or non-Technology? Goldman Sachs' Research Reports respond to two major hot topics in investing in China.
① Currently, should investors continue investing in Hong Kong Stocks or shift to the A-share market? Should the focus be on the Technology Sector or shift to Consumer, Real Estate, and other non-Technology sectors? ② On Wednesday, Goldman Sachs' chief China Stocks strategist, Liu Jinjing, provided an analysis in his report.
Funds Movement | Northern funds went against the trend to bottom out with nearly 14 billion Hong Kong dollars, massively purchasing Xiaomi for nearly 8.5 billion Hong Kong dollars.
Track the latest dynamics of southbound capital.
Hong Kong Stocks Fall on Profit-Taking; Nanshan Aluminium Slides 5% in Debut
[Brokerage Focus] Soochow maintains a "Buy" rating for Meituan (03690), pointing out that the accelerated expansion overseas will long-term open up the imaginative space for the company's Business.
Jinwu Financial News | Soochow Securities Research points out that Meituan (03690) is expected to achieve revenue of 88.5 billion yuan in Q4 2024, a year-on-year increase of 20.1%, which is higher than Bloomberg's consensus expectation; adjusted net income will be 9.849 billion yuan, in line with Bloomberg's consensus expectation. Other net losses in Q4 amount to 0.93 billion yuan, while other net income in Q4 2023 is 2.1 billion yuan, mainly due to unrealized exchange rate (loss)/gain fluctuations arising from internal transactions, as well as tax incentives, fair value changes in wealth management investments, and reduced income, which negatively impacted net income. The firm indicated that looking forward to 2025, although the delivery social security costs are increasing, it believes that public
[Brokerage Focus] Nomura reiterates the Buy rating for Meituan (03690), expecting a 12% growth in takeaway Business revenue this year.
Jinwu Financial News | Nomura's Research Reports indicate that Meituan (03690) has fourth-quarter revenue growth of 20% year-on-year, with non-GAAP operating profit growing significantly by 2.4 times compared to last year, exceeding market expectations by 1% and 13% respectively. The firm expects that Meituan's food delivery business revenue will grow by 12% in 2025, mainly driven by a 9.5% increase in order volume. Due to the impact of social insurance contribution provisions for riders starting in the second quarter, the growth rate of food delivery operating profit may slow down from 41% in 2024 to 11%. This policy is expected to take 3-4 years for full implementation. Meituan estimates the impact on this year's unit economic benefits to be less than 0.1 yuan per order.
Jefferies Adjusts Meituan's Price Target to HK$215 From HK$270, Keeps at Buy
tyajy6 : Buy buy buy