HK Stock MarketDetailed Quotes

03690 MEITUAN-W

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87.900 -2.700-2.98%

Market Closed 12/01 16:08 CST

90.500High85.350Low101.72MVolume

MEITUAN-W Stock Forum

Spinee

12/01 18:11

M Stanley Lifts PDD TP to US$170, Names Stock as E-commerce Top Pick

Morgan Stanley stated in a report that the strong 3Q23 results of PDD were underpinned by the continued market share gains in the domestic e-commerce segment of China and the ebullient growth momentum of the group's cross-border e-commerce business Temu.
Projecting said advantages to persist throughout 4Q23 and 2024, the broker selected PDD as its top pick within the Chinese e-commerce space. The 2023-25E earnings for PDD were...

Spinee

12/01 14:18

CMS Chops MEITUAN-W TP to $145; 4Q Weakness Eclipses 3Q Positive Performance

According to CMS, $MEITUAN-W(03690.HK)$ 's weak 4Q23 eclipsed a good performance in 3Q23, and the group's revenue is expected to increase by 20.8% YoY in 4Q23. Revenue of the group's delivery business is expected to grow by 18%, while that of its in-store hotel and travel business is expected to spike by 40%. The group's margin expansion is expected to be slower but still positive, with adjusted operating margin predicted...

Spinee

12/01 10:46

Techs Wane

$NTES-S(09999.HK)$ and $TENCENT(00700.HK)$ shed 0.7% each at open after report said that Activision Blizzard is in discussion with the two game developers about the return of China's service, while rumor that TENCENT is acting as the agent of Activision Blizzard's China service was shattered.
$KUAISHOU-W(01024.HK)$ opened flat at $57.7 as it was rumored to cut off the commercial promotion and investment of third-party micro-drama mini-programs.
As to other techs, $BABA-SW(09988.HK)$$MEITUAN-W(03690.HK)$$JD-SW(09618.HK)$$BIDU-SW(09888.HK)$$BILIBILI-W(09626.HK)$ dropped 0...

Spinee: 恒指跌23点小鹏下跌2％+

Spinee

11/30 22:18

Macquarie Slashes MEITUAN-W TP by 39% to $121, Rating Outperform

In its report, Macquarie said that $MEITUAN-W(03690.HK)$ 's 3Q sales were broadly in line, but its adjusted EBITDA slightly missed due to aggressive investments in consumer and merchant subsidies.
Macquarie believed that MEITUAN's leading position in China's local services market will be very solid, harnessing its strong core competency. But the share price may fluctuate in the near term under competition in the in-store business.
...

Spinee

11/30 20:05

BofAS Cuts MEITUAN-W TP to $152; Growth Remains Resilient

BofA Securities, in its report, wrote that $MEITUAN-W(03690.HK)$ delivered a set of mixed results for 3Q, with business growth broadly in line, but in-store/ hotel OPM slightly below consensus due to investment in new channel and products.
The broker projected MEITUAN management to remain focused on ROI and improving efficiency, but investments in different businesses can also drive growth.
BofA Securities believed that MEITUAN investmen...

Spinee

11/30 17:55

Blue Chip MEITUAN-W Plummets 12% as Many CN Caterers Seek Troughs

Blue chip $MEITUAN-W(03690.HK)$ 's 3Q23 adjusted profit surged 62.4% YoY, beating expectations. However, its 4Q23 takeaway business revenue growth is expected to slow. Many major brokers slashed their target prices on MEITUAN-W.
The stock fell for 4 consecutive days, and its decline widened to 12% to $90.6 after midday, hitting an over 3.5-year low. Volume spiked to 130 million shares, a rarity in more than a year.
Chinese cater...

Spinee

11/30 16:50

HSI Closes at 17,042, Up 49 pts; TENCENT Up over 3%; NEW ORIENTAL Hit New Highs; Market Turnover Rises

At close, $Hang Seng Index(800000.HK)$ rose 49 pts or 0.3% to 17,042. $Hang Seng TECH Index(800700.HK)$ dropped 10 pts or 0.3% to 3,899. $Hang Seng China Enterprises Index(800100.HK)$ gained 38 pts or 0.7% to 5,857. Market turnover reached $139.12 billion.
Active Heavyweights:
$TENCENT(00700.HK)$ closed at $327, up 3.2%
$MEITUAN-W(03690.HK)$ closed at $90.6, up 0.2%
$BABA-SW(09988.HK)$ closed at $72.75, up...

Senorita Earnings

11/30 10:38

ColumnsMeituan Q3 2023 Earnings Call Transcript: Q3 Strong Growth, High-quality Initiatives

Follow me, let's make money together!
Key Takeaways：
1. Meituan experienced strong growth in Q3, with total revenue increasing by 22.1% YoY to RMB 65.5 billion and adjusted net profit increasing to RMB 5.7 billion, representing 62.4% YoY growth. The company saw record highs in annual transaction users and annual active merchants, as well as user purchase frequency. Meituan's focus on stimulating high-quality grow...

Spinee

11/29 16:34

HSI Down 360 pts;MEITUAN Down over 12%; NEW ORIENTAL Hit New Highs; Market Turnover Rises

At close, $Hang Seng Index(800000.HK)$ dropped 360 pts or 2.1% to 16,993. $Hang Seng TECH Index(800700.HK)$ dropped 90 pts or 2.3% to 3,910. $Hang Seng China Enterprises Index(800100.HK)$ fell 138 pts or 2.3% to 5,818. Market turnover reached $130.16 billion.
Active Heavyweights:
$MEITUAN-W(03690.HK)$ closed at $90.45, down 12.2%
$BABA-SW(09988.HK)$ closed at $72.7, down 2.2%
$HKEX(00388.HK)$ closed at $279.6, do...

Spinee

11/29 14:31

G Sachs Hikes PDD TP to US$176; Temu Key Surprise

Goldman Sachs wrote in a report that the 3Q results of $PDD Holdings(PDD.US)$ have beaten market expectations, with the main surprise being a 315% YoY jump in transaction services revenue, well above the 175% growth ceiling expected by the market, believed to be due to increased economies of scale from its cross-border e-commerce platform Temu. Online promotion revenue also grew 39% YoY, better than market expectations.
Goldman raised its revenue f...

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