Express News | On the 26th, Meituan spent about 0.374 billion Hong Kong dollars to repurchase 3.483 million shares.
Meituan-W (03690.HK) has awarded a total of 3.1488 million shares of reward shares.
On July 26th, Gelunhui announced that the company had granted a total of 3,148,785 restricted share units in the form of reward shares for the first public offering share reward plan on July 26, 2024, including (i) granting 3,125,664 shares of reward shares to several employees of the group participants; and (ii) granting 23,121 shares of reward shares to several service providers of the group, subject to acceptance and the terms and conditions of the first public offering share reward plan.
Express News | Meituan will launch the 2025 campus recruitment, with a 50% increase in job demand for the 'Beidou Plan' position.
"The Big Bank" UBS Group: Meituan (03690.HK) core business may be affected by macroeconomic weakness, but the competition with Douyin is improving and regaining market share.
After two consecutive days of decline, Meituan-W (03690.HK) continued to experience selling pressure this morning (25th), with the latest report showing a 4.9% drop to 107.7 yuan, breaking through the 100-day moving average (approximately 108.1 yuan), with a turnover of 3.02 billion yuan. UBS Group's report indicates that although the weak macroeconomic situation in Mainland China may damage Meituan's core business, including growth in takeaway orders and average selling price, as well as Gross Transaction Volume (GTV), the better competitive landscape should bring Meituan high flexibility and visible future profit potential. This comes from the growth in GTV (regaining market share from Douyin), the re-acceleration of revenue, and the recovery of gross margins.
Hang Seng Index rose 28 points in half a day, with electronic related stocks being popular. Eastbuy fell 21%.
The US economy grew better than expected in Q1. The Dow rose more than 500 points the night before (25th) and closed up 81 points or 0.2%. Hong Kong stocks rebounded with the external market in the morning, and the Hang Seng Index opened high with 74 points, rose 224 points in the initial stage, saw 17,229 points and then fell back. It had previously fallen as much as 80 points to 16,924 points and then rose 28 points or 0.17% in the morning and reported 17,033 points. The national index fell 4 points or 0.1%, reported 6,012. The Hang Seng Technology Index rose 22 points or 0.7%, reported 3,443. The total turnover of the market in half a day was 60.193 billion yuan. The net inflow of Shanghai, Shenzhen and Hong Kong Stock Connect transactions was 2.42 billion and 14.88 billion respectively.
Hong Kong stock market noon review: three major indexes rose and fell, the science and technology index rose 0.66%; golden industrial concept performed well with chinagoldintl rising nearly 5%; east buy volume fell more than 20%.
The Hang Seng Index rose by 1.3% at one point and closed up 0.17% at noon, while the CSI 300 fell slightly by 0.07%. The Hang Seng Technology Index rose by 0.66%, once reaching as high as 1.6%.