Express News | Meituan's Liu Shuo: Meituan's drone operation scale ranks among the top tier in the world.
One week outlook | Fed meeting minutes with October PCE coming! Dell, Meituan performance successively revealed.
On November 28, the US stock market was closed for Thanksgiving, and on November 29, it closed three hours early; China's official manufacturing PMI for November will be announced on Saturday.
Memo for next week.
On November 25 (Monday), New Zealand's third-quarter core retail sales quarter-on-quarter: previous value decreased by 1%. New Zealand's third-quarter retail sales quarter-on-quarter: previous value decreased by 1.2%. New Zealand's October trade balance: previous value deficit of 2.108 billion new zealand dollars. Japan's September coincident indicators: previous value 115.7. Japan's leading indicators for September: previous value 109.4. Germany's November IFO business current situation index: previous value 85.7. Germany's November IFO business climate index: previous value 86.5. Germany's November IFO business expectations index: previous value 87.3. USA's October Chicago Fed national activity index: previous value negative 0.28. USA's November Dallas.
Tencent saw a net outflow of 0.432 billion Hong Kong dollars through the Hong Kong Stock Connect.
The northbound southward net inflow into CNOOC (00883.HK), Xiaomi Group (01810.HK), and SMIC (00981.HK) reached 0.231 billion HKD, 0.193 billion HKD, and 24.23 million HKD respectively. The northbound southward net outflow from Tencent (00700.HK) and alibaba (09988.HK) reached 0.432 billion HKD and 0.331 billion HKD respectively. The highest net inflow into active stocks in the Hong Kong Stock Connect (Shanghai) was hua hong semi (01347.HK) at 0.199 billion HKD, while the highest net outflow was from Tencent (00700.HK) at 0.537 billion HKD.
Express News | Meituan has established a technology company in Wuxi with a capital of 20 million, including ai software development business.
China's internet plus-related giants are growing the fastest! Morgan Stanley: Meituan aims for 300 Hong Kong dollars.
Morgan Stanley believes that by 2030, the scale of China's instant retail market will grow to 2 trillion yuan. Alibaba and jd.com are losing market share in this sector, while Meituan is the company most likely to seize this opportunity. Currently, Meituan's Hong Kong stock price needs to rise by 75.64% to reach Morgan Stanley's predicted 300 HKD per share.