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The net Outflow of TRACKER FUND OF HONG KONG from the Hong Kong Stock Connect is 12.126 billion HKD.
The net Inflow of northbound funds into Alibaba (09988.HK), Tencent (00700.HK), and Kuaishou-W (01024.HK) reached 4.165 billion HKD, 2.137 billion HKD, and 1.119 billion HKD respectively. The net Outflow of northbound funds from TRACKER FUND OF HONG KONG (02800.HK), Hang Seng China Enterprises (02828.HK), and Meituan (03690.HK) reached 12.126 billion HKD, 5.585 billion HKD, and 0.802 billion HKD respectively. The highest net Inflow of capital into active stocks via SH->HK Connect is Alibaba (09988.HK) with 2.473 billion.
MEITUAN-W (03690.HK) plans to hold a Board of Directors meeting on March 21 to approve the annual performance.
Gelonghui, on March 11, announced that MEITUAN-W (03690.HK) has scheduled a Board of Directors meeting on March 21, 2025 (Friday) to consider and approve the group's full-year performance for the year ending December 31, 2024, as well as to address Other matters.
Date of Board Meeting
Quick look at the Hong Kong market | The three major indexes surged in the closing, with the tech index rising nearly 1.4%; semiconductor stocks performed well, with HUA HONG SEMI up over 5%; old pawn shop Gold rose nearly 13%, and Mixue Group set a new h
Network Technology stocks have mixed performance, KUAISHOU-W is up 5.15%, XIAOMI-W is up 1.99%; Alcoholic Beverages stocks are rising, SAN MIGUEL HK is up 6.41%, ZJLD is up 6.36%; Semiconductor stocks are performing well, HUA HONG SEMI is up 5.16%, SHANGHAI FUDAN is up 5.15%.
Dining industry in Hong Kong: The takeout market is shrinking and platform competition may intensify.
Gelonghui, March 11 | Competition among Hong Kong's delivery platforms is intensifying. Deliveroo, which has been stationed in Hong Kong for over nine years, announced its withdrawal from the Hong Kong market after April 7. Huang Jiahe, president of the Hong Kong Catering Industry Association, anticipates that in the short term, the remaining two delivery platforms, foodpanda and Keeta under Meituan, will have fierce competition. However, he believes that there will not be significant adjustments to the fees. Huang noted on a radio program that with the entry of multiple platforms, including Keeta, which has aggressively marketed and captured the market with significant discounts since entering Hong Kong two years ago, the situation was different before the pandemic when it dominated the market.
Citi: Maintains MEITUAN-W (03690) "Buy" rating with a Target Price of 200 HKD.
With the recent launch of coupon packages, the bank believes this will help Keeta improve its working capital situation, stimulate higher ordering frequency, and increase user stickiness.