MPNGY Meituan ADR
- 31.660
- +1.390+4.59%
- 31.660
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Meituan ADR News
Delivery Hero's Saudi Market Growth Might Be Lower Than Expected -- Market Talk
1404 GMT - Delivery Hero's position in the Saudi market is unique and competitive, but some near-term headwinds should be expected, Citi analysts write. "[China's shopping-and-delivery platform] Meitu
Illustration丨Southbound's net purchase of Hong Kong stocks at 8.8 billion dollars, bucked the trend and reduced positions of Tencent, Meituan, and Kuaishou
Nanxia Capital made net purchases of HK$8.807 billion in Hong Kong stocks today, including net purchases of Yingfu Fund at $2,864 million, ICBC at $451 million, China Shenhua at $109 million; net sales of Tencent at $480 million, Meituan at $238 million, Kuaishou at $241 million, CNOOC at $186 million, and Pharmaceutical Biotech at $155 million. According to statistics, Southbound has reduced CNOOC's holdings for 7 consecutive days, totaling 1,880.5 billion yuan; Kuaishou reduced its positions for 6 consecutive days, totaling HK$1,657.26 billion.
A quick look at the Hong Kong market | The three major indices have risen one after another. Technology Network stocks and power stocks are popular. Bilibili has risen more than 6%, and Huadian International has risen nearly 8%
Biotech stocks had mixed ups and downs. Pharmaceutical and Ming Union fell%, and Jinxin Fertility rose%; shipping stocks rose, with Dongfang Overseas International, COSCO Marine Control, and COSCO Marine Energy up nearly 6%.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, shipping stocks and gaming stocks rose, COSCO Marine Holdings rose more than 6%, and Aobo Holdings rose nearly 7%
Technology Network stocks had mixed ups and downs. Bilibili rose more than 5%, Kuaishou fell more than 1%; domestic housing stock trends were mixed; Shimao Group rose more than 7%, and Sunac China fell more than 3%.
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
The biggest winner during the May 1st period
Who is making a strong comeback
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
The Internet giant's quarterly report is about to be released. The agency expects Baidu's artificial intelligence to become a highlight
① Why is Baidu's artificial intelligence business attracting market attention? ② What are most internet companies' expectations for the first quarter?
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
Futu Morning Post | Federal Reserve Voting Committee: Uncertainty about the inflation outlook is increasing; new news about Apple's AI strategy
Roblox, the “first stock in the metaverse,” plummeted by more than 22%, lowering full-year reservation expectations; Airbnb fell nearly 7%, and the Q2 revenue outlook fell short of expectations; the “Nvidia concept stock” SoundHound AI surged more than 15% after the market, and the Q1 earnings report exceeded expectations.
Express News | Ginza Shares: Instant retail orders rose 30% during the “May 1st” holiday, and live streaming became a new growth point
Opinion | The market is moving forward amidst hesitation, and Hong Kong stocks are moving towards a bull market
The reason is also very simple: believe in common sense and believe in a return to the mean.
Zhitong Hong Kong Stock Connect Active Trading | May 9
On May 9, 2024, Yingfu Fund (02800.HK), Tencent Holdings (00700.HK), and China Mobile (00941.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover of RMB 2,957 billion, RMB 1,162 billion, and RMB 1,157 billion respectively; Yingfu Fund (02800.HK), Tencent Holdings (00700.HK), and Meituan-W (03690.HK) ranked in the top 3 transactions of Shenzhen-Hong Kong Stock Connect (Southbound) The amounts were 1,760 billion yuan and 1,017 billion yuan, respectively, 9.08 billion yuan.
A quick look at the Hong Kong market | The three major indices rose sharply, and the Tech Index rose nearly 2%; TechNet stocks and Apple concept stocks improved, Meituan rose nearly 4%, and BYD Electronics rose more than 9%
Domestic housing stocks were popular. Shimao Group rose more than 33%, and Sunac China rose 10%; beer stocks rose by many stocks, China Resources Beer rose nearly 5%, and Budweiser Asia Pacific rose 4%.
Meituan's membership system will be fully upgraded in the near future, and “God Member” will begin to gradually expand to in-store business
Glonghui, May 9 | According to 36 krypton, Meituan's membership system will be fully upgraded in the near future. “God members”, which previously only covered takeout business, will gradually expand to in-store business. Currently, Meituan's investment promotion for in-store merchants has been fully launched. In the early stages, it was mainly focused on dine-in merchants. Compared to Zhonghe Wine Travel, there is a high degree of overlap between food delivery and takeout businesses, and the synergy is also stronger, which is beneficial for early members to open up as soon as possible. A person familiar with the matter revealed that it is internally defined as an “S-level” project, initiated by Wang Puzhong. Zhou Mo, head of the Meituan platform user growth and operation department (he was also previously the head of the takeout “God Member” project) is responsible
Express News | Meituan's “S Level” project to open up two major businesses, this time to upgrade “God's membership”
One-picture preview | China Securities Earnings Season Begins! Can Ali and Tencent take the lead in unveiling the list, “add fire” to the market?
According to market opinion, this is a very important earnings season, and it will largely determine whether this rebound is a bust or a turning point.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and biotech stocks strengthened, Shimao Group rose more than 42%, and Ziding Pharmaceutical rose nearly 17%
Science and network stocks generally rose; Meituan rose more than 4%, and Bilibili rose nearly 3%; shipping stocks generally rose, with COSCO Maritime Control rising by more than 6%, and Orient Overseas International rising more than 5%.
After the sharp rise, how do you understand the value of Hong Kong stocks in asset allocation, and how will the market develop in the future?
In the short term, the rise in Hong Kong stocks will rely more on improved risk appetite, and there is still some room for improvement in the Hang Seng Index's forward PE.
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