Express News | Meituan: repurchased 4.0607 million shares on September 12, with a repurchase price per share of HKD 120.5-124.8, totaling approximately HKD 0.5 billion.
Hong Kong Stock Connect Alibaba net inflow of 3.513 billion Hong Kong dollars.
There was a net inflow of funds into Alibaba (09988.HK), Tencent (00700.HK), and CNOOC (00883.HK) from the northbound Southbound, reaching 3.513 billion Hong Kong dollars, 0.162 billion Hong Kong dollars, and 23.06 million Hong Kong dollars respectively. There was a net outflow of funds from Meituan (03690.HK) and China Mobile (00941.HK) from the northbound Southbound, reaching 0.253 billion Hong Kong dollars and 0.114 billion Hong Kong dollars respectively. The highest net fund inflow in the Hong Kong Stock Connect (Shanghai) was for Alibaba (09988.HK) at 1.501 billion Hong Kong dollars, while the highest net fund outflow was for Meituan (03690.HK) at 0.543 billion.
Meituan (03690.HK) has launched a National Day promotion for merchants, who can receive subsidies in the tens of millions.
According to internal media reports, Meituan (03690.HK) is focusing on the high-demand scenes during the National Day and launching National Day event promotions for four categories: hot pot, buffet, local cuisine, and fast food. Qualified merchants can receive subsidies in the tens of millions level, and high-quality event commodities can also enjoy priority display, exclusive labels, and additional resources in key channels. By providing subsidies and exposure of traffic to merchants, it will drive overall growth in the large cap market. The deadline for this event promotion is September 19th, and the event will take place from September 14th to October 7th.
"Da Hang" china merchants securities' forecast of shareholder returns for Chinese internet stocks in the next 12 months (table)
China Merchants Securities released a report stating the predicted comparison of shareholder returns for Chinese Internet stocks in the next 12 months: Stock│Predicted Share Buyback Amount│Expected Share Buyback Yield│Dividend Yield│Total Yield Vipshop (VIP.US)│0.72 billion USD│10.4%│4.2%│14.6% JD.com (09618.HK)│2 billion USD│4.8%│3.5%│8.2% Alibaba (09988.HK)│12 billion USD│5.9%│1.2%│7.2% Netease (09999.HK)│0.6 billion USD│1.2%│3.4%│4
China Merchants Securities: The leading Internet platform shows resilience in the macro headwinds, with Tencent, Alibaba, and "B Station" as the top choices.
China Merchants Securities International released a report stating that although the overall stock market has been weak recently, the stock prices of leading mainland internet platforms have demonstrated resilience, attributed to the improvement of the competitive environment and the enhancement of profit prospects. After this quarter's performance, companies with larger declines are still worth paying attention to, such as PDD Holdings (PDD.US), Tencent Music (TME.US), and Netease (NTES.US). These companies still possess attractiveness in terms of business strength, market position, and valuation. The bank pointed out that the overall market position and profit capabilities of the leading mainland internet platforms are still solid. Preferred industry: Tencent (00700.HK).
Meituan's performance release resulted in a cumulative increase of over 16%, prompting institutions to upgrade their rating to "positive".
How was Meituan's performance in the second quarter? How do institutions view Meituan's future performance?