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Express News | The first sale of Huawei Mate 70 through delivery channels is booming.
GF Securities: Digital scenarios continue to penetrate combined with technology-driven, Internet plus-related begins to search for new growth points
Internet plus-related companies are beginning to seek new points of growth, differing from the past tendency to simply shrink and cut costs. In the future, they may embrace new changes with reasonable investments. The business model continues to evolve and iterate, with expansion overseas and AI.
[Brokerage Focus] Huachuang Securities maintains a "recommended" rating on Meituan (03690), indicating that the revenue growth of new businesses slightly exceeded expectations.
Jinwu Financial News | Huachuang Securities released a research report indicating that Meituan (03690) achieved revenue of 93.6 billion yuan in Q3 2024, a year-on-year increase of 22.4%; achieved operating profit of 13.7 billion yuan, a year-on-year increase of 307.5%; achieved adjusted EBITDA of 14.5 billion yuan, a year-on-year increase of 135%; achieved adjusted net income of 12.8 billion yuan, a year-on-year increase of 124%. Instant delivery order volume in Q3 reached 7.078 billion orders, a year-on-year increase of 14.5%; core local business in Q3 achieved revenue of 69.4 billion yuan, a year-on-year increase of 20%, and achieved operating profit of 14.6 billion yuan, a year-on-year increase of 44%; new business.
Major rating ｜ Daiwa Capital Markets: Prefer stocks that benefit from domestic demand or policy support, including Meituan, Mengniu, Tencent, and Trip.com in the 'buy' list.
Dahua Jixian's report points out that looking into the future, the bank expects that with Trump returning to the White House, the tension between China and the United States may escalate, and Trump's preference for increasing tariffs may bring unfavorable factors. Therefore, the bank prefers shares related to domestic demand or benefiting from policies, and includes Meituan, Mengniu, Tencent, and Ctrip in the 'buy' list. As for Meituan, the bank is bullish on the continuous expansion of its takeaway business market share, the increase in penetration rate of fresh e-commerce business, and the synergistic effects with core business and new measures; with a target price of 222 Hong Kong dollars. For Mengniu, the bank believes that the supply and demand of raw milk will reach a balance by the middle of 2025, as well as the channel inventory status.
Meituan's Profitability Likely to Improve -- Market Talk
Nomura has listed a guide to the main stock names in the China market for next year in 'Da Hang'.
Nomura released its outlook report for the asia (excluding japan) market for next year, listing the weight proportions of Chinese stocks and the Hong Kong market in the firm's Asia-Pacific (excluding japan) portfolio, which are 30.6% and 3.3%, respectively. The report also includes a list of indicative stock ideas: Stock │ Weight proportion in the firm’s asia (excluding japan) market portfolio Tencent (00700.HK) │ 6% alibaba (09988.HK) │ 4.5% Anta (02020.HK) │ 3% BYD (01211
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