MEITUAN-W Stock Forum

MEITUAN is venturing into drone delivery services, operational in Shanghai and Shenzhen across 11 districts. Vice President Mao Yiannian anticipates five years for substantial commercialization, with Hong Kong expansion potential. MEITUAN's drones are designed for safety, equipped with parachutes and multiple motors for extreme weather conditions. 
$MEITUAN-W(03690.HK)$$Meituan ADR(MPNGY.US)$$KraneShares CSI China Internet ETF(KWEB.US)$$Hang Seng Index(800000.HK)$$Hang Seng TECH Index(800700.HK)$

This strategy is most practical in the Hong Kong stock market, where many investors have been trapped in recent years. Many once high-flying stocks have disappointed shareholders, with Tencent being the most prominent example. Other companies like AIA $AIA(01299.HK)$ , HKEX $HKEX(00388.HK)$ , and Ping An (China Ping An) $PING AN(02318.HK)$ have also failed to meet investors' expectations.
Stocks like $MEITUAN-W(03690.HK)$ and ...

Hong Kong bourse opened with a little change. $Hang Seng Index(800000.HK)$ opened 1 pt higher at 16,253.  $Hang Seng China Enterprises Index(800100.HK)$ opened 9 pts or 0.2% lower at 5,740. $Hang Seng TECH Index(800700.HK)$ opened 6 pts or 0.2% lower at 3,333.
Techs jumbled. $TENCENT(00700.HK)$ added 0.5%. $BABA-SW(09988.HK)$ dropped 0.4%. $BIDU-SW(09888.HK)$ hiked 0.6%. $BILIBILI-W(09626.HK)$ , $NTES-S(09999.HK)$ , $KUAISHOU-W(01024.HK)$ , $JD-SW(09618.HK)$ and $XIAOMI-W(01810.HK)$ sank 0.1%...

In 1Q24, $ByteDance(FT0001)$ Douyin Life Service (mainly comprising of in-store catering, in-store integrated & wine tourism businesses) recorded a sales before write-off of over RMB100 billion, with a YoY growth rate of more than 100%, flat QoQ, as compared with the sales of $MEITUAN-W(03690.HK)$ 's in-store business, which stabilized at around RMB200 billion in the past 2 quarters, according to LatePo...

$MEITUAN-W(03690.HK)$ disclosed in its statement that it repurchased 4.018 million shares of the company on the Stock Exchange of Hong Kong at $97.75-101.3 per share on 16 April, involving a total amount of about $399 million.
So far, a total of 75.7571 million shares have been repurchased, representing 1.2136% of the company's share capital.
$Meituan ADR(MPNGY.US)$$Hang Seng Index(800000.HK)$$Hang Seng TECH Index(800700.HK)$$KraneShares CSI China Internet ETF(KWEB.US)$

China's small-cap index CSI 2000 rebounded by 3.7% on Wednesday morning after the CSRC calmed investors that tighter rules would not spark a wave of delistings, and only more than 80 companies would be affected by new policies.
The stricter supervision policies for listing and delisting companies triggered fears that a slew of companies would be kicked off stock exchanges.
$CSI 300(BK20861.HK)$$SSE Composite Index(800146.HK)$$SSE Composite Index(000001.SH)$$Hang Seng China Enterprises Index(800100.HK)$$Hang Seng TECH Index(800700.HK)$$Hang Seng Index(800000.HK)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$MEITUAN-W(03690.HK)$$XIAOMI-W(01810.HK)$$TENCENT(00700.HK)$$Tencent(TCEHY.US)$

$Hang Seng Index(800000.HK)$ opened 23 points or 0.14% lower at 16,225. $Hang Seng China Enterprises Index(800100.HK)$ opened slightly lower by 1 point at 5,742. $Hang Seng TECH Index(800700.HK)$ opened 2 points higher at 3,340.
Fitch downgraded the rating outlooks of $TENCENT(00700.HK)$ and $BABA-SW(09988.HK)$ to Negative, and the 2 stocks opened flat and 0.5% lower respectively. For other tech stocks, $MEITUAN-W(03690.HK)$ opene...

In Jan-Mar, China's total retail sales were recorded at 3.9 trillion yuan, rising 3.1% y/y(narrowed).
Retail sales of goods were 3.5 trillion yuan, which rose by 2.7%y/y; (narrowed)
Total revenue for the catering industry was 396 billion yuan, which rose 6.9%. (narrowed)
$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$BYD COMPANY(01211.HK)$$BABA-SW(09988.HK)$$SSE Composite Index(800146.HK)$$MEITUAN-W(03690.HK)$$TENCENT(00700.HK)$$PDD Holdings(PDD.US)$$XIAOMI-W(01810.HK)$

Hong Kong stocks followed the downward trend of external and A-share markets. $Hang Seng Index(800000.HK)$ tumbled 351 points or 2.1% to close at 16,248. $Hang Seng China Enterprises Index(800100.HK)$ decreased 112 points or 1.9% to close at 5,743. $Hang Seng TECH Index(800700.HK)$ plummeted 104 points or 3% to close at 3,337. Total turnover for the day was $114.58 billion.
Technology stocks $TENCENT(00700.HK)$ lowered 0.9% to $301.8, while $BABA-SW(09988.HK)$...