Express News | Meituan: Repurchased 1.2636 million shares on September 17, with a total expenditure of approximately HKD 0.16 billion.
Express News | Economic Daily: Encouraging delivery riders to supervise food safety.
《Da Xing》 Bocom Intl's rating, target price, and valuation forecast for Chinese e-commerce stocks (Table)
BOCOM International released a report stating the investment ratings and target prices for Chinese e-commerce stocks: Alibaba (BABA.US) Buy Target price: $111 PDD Holdings (PDD.US) Buy Target price: $194 Meituan (03690.HK) Buy Target price: HK$136 JD.com (JD.US) Buy Target price: $41 Kuaishou (01024.HK) Buy Target price: HK$54 ---------------------------- The bank also listed the valuation forecasts for e-commerce stocks and international e-commerce stocks: Stock Forecasted P/E ratio for 2025
The China Property Management Association partners with Meituan (03690.HK) to propose the industry jointly promote the smooth delivery service of the "last mile".
The China Property Management Association announced that last Thursday (12th) it jointly released a "Proposal on Collaborative Smooth Delivery Service for the 'Last Mile'" with Meituan (03690.HK), calling on property service enterprises to take joint action with food delivery platforms and riders to facilitate the 'last mile' delivery service, and build a more harmonious and friendly community. Liu Yinkun, Deputy Secretary-General of the China Property Management Association, stated that although property practitioners and delivery staff have different responsibilities, they both serve the needs of homeowners for a better quality of life, and are indispensable in the community ecosystem. Only by respecting and understanding each other can harmonious relationships be built. Homeowners are also expected to actively participate and contribute.
On September 16th, there were buybacks of tencent and Meituan-W, among which tencent spent 1.003 billion Hong Kong dollars.
According to the disclosure documents from hkex on September 17, tencent(00700.HK), meituan-W(03690.HK), etc. repurchased shares. ① tencent(00700.HK) repurchased 2.67 million ordinary shares on September 16, involving 1.003 billion Hong Kong dollars, with a repurchase price per share ranging from 377.8 Hong Kong dollars to 370.6 Hong Kong dollars. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.158 billion shares, accounting for 1.674% of the number of shares issued when the ordinary resolution was passed. ② meituan-W(03690.HK) on
Hong Kong stock buyback craze! The buyback amount exceeded 200 billion Hong Kong dollars by the end of the year, with Tencent Holdings leading the way.
Looking at the historical situation, tencent's repurchase efforts have been continuously increasing, with the repurchase amount reaching HKD 82.4 billion so far this year, already surpassing the full-year repurchase amount in 2023.