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Meituan has been named! Investment banks: These three "undervalued" stocks in asia are worth paying attention to in 2025.
①HSBC recently stated that the asian market in 2025 will be "completely different" due to new policy measures in china, the economic slowdown in india, and investments in new infrastructure by southeast asian countries. ②The bank is bullish on three stocks: Meituan, Krishna Medical Science Research Institute, and Kia.
Daily Bull and Bear | The Hong Kong stock market rebounded slightly, with the proportion of bull certificates declining for four consecutive days! Morgan Stanley: The net inflow for good Hang Seng Index positions in the past five days is approximately 0.1
As of the close, the market turnover was 114.6 billion Hong Kong dollars; the total turnover of all bull and bear warrants was 12.9 billion Hong Kong dollars, accounting for 11.3% of the market turnover, with a good position ratio of 6.8% and a light position ratio of 4.5%.
The net inflow of Meituan in the Hong Kong Stock Connect is 0.484 billion Hong Kong dollars.
There was a net inflow of funds from Beishui Nanshang into Meituan (03690.HK), Tencent (00700.HK), and Alibaba (09988.HK), reaching 0.484 billion Hong Kong dollars, 0.274 billion Hong Kong dollars, and 85.3 million Hong Kong dollars respectively. There was a net outflow of funds from Beishui Nanshang to CNOOC (00883.HK) and Mobvista (01860.HK), reaching 0.18 billion Hong Kong dollars and 24.85 million Hong Kong dollars respectively. The highest net capital inflow of the Hong Kong Stock Connect (Shanghai) was in Tencent (00700.HK) with 0.303 billion Hong Kong dollars, while the highest net capital outflow was in Xiaomi Group (01810.HK) with 87.3 million.
Express News | Meituan Waimai launches a 1 billion support fund, with each quality small and medium-sized business receiving support of 5,000 to 0.05 million yuan.
Express News | Meituan has established Hefei Heqi Technology Company with an investment of 20 million USD, including ai-related businesses.
Express News | WeChat Pay's small loan of 10 billion ABN has been approved, and the financing of leading small loans is hot.
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.
The net inflow from the northbound capital to Tencent (00700.HK), Xiaomi Group (01810.HK) and Meituan (03690.HK) reached 0.589 billion HKD, 0.4 billion HKD and 0.269 billion HKD respectively.
Meituan-W (03690.HK) plans to hold a board of directors meeting on November 29 to approve the third quarter performance.
On November 19, Glonghui reported that Meituan-W (03690.HK) announced that the board of directors will hold a meeting on November 29, 2024 (Friday) to consider and approve the group's unaudited financial performance for the third quarter of 2024, as well as to address other matters.
Date of Board Meeting
Investment rating and target price of Meituan (03690.HK) (table)
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.
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.
CICC: In the third quarter of 2024, the maximum increase in optional consumer Hong Kong stock holdings, alibaba-W (09988) highly favored after listing.
In Q3 2024, the total scale of public fund holdings of Hong Kong stocks has increased significantly, and the proportion of southbound investment has risen, but it is not due to active shareholding.
Hong Kong stocks midday report: The three major indices all rose, the technology index rose nearly 1%; golden industrial concept strengthened, Chinagoldintl soared over 9%.
Network technology stocks fluctuate, Xiaomi Group-W down by 3.12%, Kuaishou-W up by 2.50%; Nonferrous metals stocks are on the rise, sd gold up by 5.22%, zijin mining group up by 5.11%; Apple supplier stocks perform well, fih up by 5.75%, BYD Electronics up by 4.04%.
Daily Bull and Bear | The Hang Seng Index's night futures rose nearly 1%, with a net outflow of 28 million HKD from good positions yesterday; the bank of china surged over 4%! Multiple call warrants doubled in increase.
As of the close, the market turnover was 141 billion Hong Kong dollars; the total turnover of all warrants bull and bear warrants was 16.9 billion Hong Kong dollars, accounting for 12% of the market turnover, with the proportion of good and light positions remaining the same, both at 6%.
The net inflow of tracker fund of hong kong stock connect was 4.188 billion Hong Kong dollars.
The northward capital inflow from the mainland reached 4.188 billion HKD for the tracker fund of hong kong (02800.HK), 0.756 billion HKD for alibaba (09988.HK), and 0.538 billion HKD for meituan (03690.HK). The northward capital outflow to sunac (01918.HK) reached 49.03 million HKD. The highest capital inflow for Shanghai-Hong Kong Stock Connect was 3.305 billion HKD for tracker fund of hong kong (02800.HK), while the highest capital outflow was 99.19 million HKD for SMIC (00981.HK).
Northbound funds bought 4.2 billion HKD in the tracker fund of hong kong, increased their position in Alibaba by over 0.7 billion HKD, and sold 50 million HKD of sunac.
On November 18th (Monday), southbound funds net bought 13.551 billion HKD of Hong Kong stocks today. The tracker fund of hong kong, hang seng h-share index etf, and alibaba-W received net buys of 4.188 billion HKD, 1.153 billion HKD, and 0.756 billion HKD respectively; sunac was net sold 49.02 million HKD.
60% of the 'rebound fruit' has been eroded, who is currently increasing their holdings in Hong Kong stocks in the opposite direction?
Since October 8th, the once "unrivaled globally" Hong Kong stock market has retraced nearly 60% of the gains from the rebound trend from September 24, 2024 to October 7, 2024.
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.