According to brokerage reports, Meituan (03690.HK) is expected to see its adjusted profit in the third quarter increase by 1.2 times year-on-year, focusing on operational and strategic guidance.
It is expected that Meituan-W (03690.HK) will announce its third-quarter performance for this year in late November. Benefiting from demand for dine-in, hotels, travel, flash sales, and improving efficiency in new businesses to reduce losses (brokerages estimate that related businesses which incurred over 5.1 billion losses in the same period last year will decrease to nearly 1.8 billion RMB in the current period), competition in dine-in business is also expected to improve. Based on the combined forecasts of 9 brokerages, Meituan is expected to achieve a Non-GAAP adjusted profit ranging from 11.01 billion to 13.768 billion RMB in the third quarter of 2024, showing a year-on-year increase of 92.2% to 140% compared to 5.727 billion RMB in the same period of 2023.
Express News | WeChat Pay's small loan of 10 billion ABN has been approved, and the financing of leading small loans is hot.
Meituan (03690.HK) aims to become the first enterprise to operate drone routes in Hong Kong, setting up advanced research in the Science Park and Cyberport.
According to media reports, regarding the Hong Kong government's earlier mention that the Science Park Company and Cyberport are more suitable as the take-off and landing points for drones, Meituan-W (03690.HK) drone public affairs director Yan Yan expressed that they are actively paying attention to relevant 'regulatory sandbox' pilot projects, hoping that Meituan can become one of the first companies to operate drone routes in Hong Kong. They believe they can initially settle in the Science Park Company and Cyberport, and have already had preliminary discussions. It is reported that the Science Park Company and Cyberport also welcome the entry of Meituan. She hopes that in the long run, drone routes can be expanded to more densely populated areas, such as Central or Kwun Tong. And the group's KeeTa in Hong Kong.
Market Chatter: Meituan Looks to Introduce Drone Food Deliveries
Express News | Meituan applies for the trademark 'Together Order'.
The net outflow of tracker fund of hong kong stock connect was 2.454 billion Hong Kong dollars.
There was an inflow of 0.589 billion HKD, 0.4 billion HKD, and 0.269 billion HKD into Tencent (00700.HK), Xiaomi Group (01810.HK), and Meituan (03690.HK) respectively from Northern funds. Meanwhile, there was an outflow of 2.454 billion HKD and 37.19 million HKD from the tracker fund of hong kong (02800.HK) and SMIC (00981.HK) respectively. The highest net inflow of capital in Hong Kong Stock Connect (Shanghai) was for Tencent (00700.HK) at 0.576 billion HKD, while the highest net outflow of capital was for the tracker fund of hong kong (02800.HK) at 1.793 billion HKD.