MET2411 MET NOV4
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MET NOV4 News
Express News | Meituan's Liu Shuo: Meituan's drone operation scale ranks among the top tier in the world.
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.
Haitong sec: Improvement in the macro environment, focus on mergers and acquisitions in the retail industry, low PB companies may be expected to welcome valuation repair.
Recently, the market has shown increased attention to mergers and acquisitions and low P/B ratios. The bank has sorted out the targets related to developments in the retail sector, divided into two categories: one is changes in major shareholders, which may subsequently enhance expectations for mergers and acquisitions; the other is the company's own actions related to mergers and acquisitions.
Daily Bull and Bear | Yesterday, there was a net outflow of 18 million HKD in the short position of Hong Kong stocks; Geely saw a top reversal of 10%, recording inflows into the long position for two consecutive days.
Hang Seng Index futures closed at 19,601 points, up 12 points; Hong Kong stocks recorded a net inflow of 13 million Hong Kong dollars in the good warehouse, and a net outflow of 18 million Hong Kong dollars in the light warehouse; the top five stocks with net inflow in the good warehouse are Hang Seng Index, Alibaba, Kuaishou, Meituan, Geely.
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.