Nomura Adjusts Meituan's Price Target to HK$230 From HK$255, Keeps at Buy
05:26 AM EST, 11/29/2023 (MT Newswires) -- Nomura Adjusts Meituan's Price Target to HK$230 From HK$255, Keeps at Buy Price (HKD): $90.45, Change: $-12.55, Percent Change: -12.18%
Express News | Shares of Meituan Extend Losses, Down 10%
[Special Offer V] Deng Shengxing: Meituan may rebound after adjusting earnings to beat expectations last season
Jinwu Financial News | The Hang Seng Index closed at 17354 on Tuesday (28th), down 170 points or 1%. The market traded 95.09 billion yuan throughout the day. The national index closed at 5957, down 68 points or 1.1%; the index fell 1.3%, to a low of 3978, down 31 points or 0.8% throughout the day to close 4,000 points. Foreign Exchange (00005) declined 0.3%; Hong Kong Stock Exchange (00388) fell 1%; CCB (00939) fell slightly by 0.2%; AIA (01299) fell 0.4%; Ping Pao (02318) fell 2.8%; and Meituan (03690) announced its quarterly results today, with a full day insert of 5.
Express News | Meituan Plans Share Buyback Valued at Up to $1.0 Billion
Meituan (MPNGF) Q3 2023 Earnings Call Transcript Summary
The following is a summary of the Meituan (MPNGF) Q3 2023 Earnings Call Transcript:FinancialQ3 revenue growth of 22.1%, reached RMB 65.5 billion.Adjusted net profit increased by 62.4%, RMB 5.7 billion
Meituan Reports Q3 Results
Meituan's Q3 Profit Surges on Higher Revenue
Meituan's (HKG:3690) profit surged to 3.59 billion yuan in the third quarter from 1.22 billion yuan in the year-ago period, a Tuesday filing said. Revenue at the online food platform jumped to 76.47 b
Meituan Announces Financial Results for the Three Months Ended September 30, 2023
HONG KONG, Nov. 28, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for
Meituan-W (03690) announced operating profit of 3.359 billion yuan during the third quarter results period, a sharp increase of more than two times over the previous year, and the peak volume of food and beverage takeout orders in a single day reached a r
According to Zhitong Finance App, Meituan-W (03690) released results for the three months ended September 30, 2023. The group obtained revenue of 76.467 billion yuan (RMB, same below) during the period, an increase of 22.1%; operating profit of 3.359 billion yuan, a sharp increase of 239.9% over the previous year; profit for the period was 3,593 billion yuan, an increase of 195.3%; non-international financial reporting standards adjusted EBITDA of 6.189 billion yuan, up 28.9% year on year; non-international financial reporting standards adjusted net profit of 5.727 billion yuan, same This is an increase of 62.4% over the ratio. Public
MEITUAN-W: ANNOUNCEMENT OF THE RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023
Didi's “collapse”: Not recovering overnight, is cost reduction and efficiency a curse?
Since last night, the Didi App crashed and became unusable, drawing attention. As of press time, related services had not been fully restored. This has also given other competitors a mobile conference. Many netizens said they are starting to switch to ride-hailing platforms such as Gaode, Meituan, and Hello. Hello Ride's official WeChat also appeared on WeChat to publicly compete for users. As for the specific cause of the failure, some media broke the news that the Didi system was attacked, and that business sectors such as ride-hailing and bike sharing all went down, indicating that the problem was with lower-level infrastructure. There are also people in the industry who believe that the frequent downtimes of the core business of Internet companies are one of the accessories to reduce costs and increase efficiency. Didi in the third quarter of this year
China Securities Hong Kong 30 Index and China Securities Hong Kong Stock Connect 30 Index officially released, China Mobile (00941), JD Logistics (02618) and other stocks were selected
On November 21, China Securities Index Co., Ltd. officially released the China Securities Hong Kong 30 Index and the China Securities Hong Kong Stock Connect 30 Index.
Zhitong Hong Kong stocks have known for a long time | Hang Seng Index quarterly review: the number of constituent stocks of the Hang Seng Index increased to 82, three divisions: treating them equally to meet the reasonable financing needs of different hou
Ideal Car-W (02015) and Yao Ming Kant (02359) will be included as constituent stocks of the Hang Seng Index. The number of constituent stocks of the Hang Seng Index will increase from 80 to 82.
Trends in Beishui | Beishui's transaction sold a net purchase of 3.74 billion yuan of domestic capital plus the sale of CNOOC online stocks and automobile stocks (00883)
In the Hong Kong stock market on November 17, Beishui had net purchases of HK$3.74 billion, of which Hong Kong Stock Connect (Shanghai) transactions had net purchases of HK$1,487 billion and Hong Kong Stock Connect (Shenzhen) transactions with net purchases of HK$2,253 billion.
[Hong Kong Stock Connect] According to reports, Meituan (03690) is considering acquiring Delivery Hero's Southeast Asia business
Jinwu Financial News | A report quoted people familiar with the matter as saying that Meituan (03690) is considering acquiring Delivery Hero's Southeast Asia business. A Meituan spokesperson declined to comment on this. According to reports, German Delivery Hero confirmed in September that it is in talks to sell some of its shares in Foodpanda, which operates a takeout platform business in Southeast Asia. Currently, foodpanda's business covers Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.
Meituan-W (03690.HK) held a board meeting on November 28 to consider and approve the third quarter results
Gelonghui announced on November 16|Meituan-W (03690.HK) announced that a board meeting will be held on November 28, 2023 (Tuesday) to consider and approve the Group's unaudited financial results for the third quarter of 2023, as well as other matters.
MEITUAN-W: Date of Board Meeting
Tencent Executives Interpret Q3 Earnings Report: There are 9 games in the planning to buy back, which may be a better way to return shareholders
Tencent Holdings (HKEX:0700) today released its financial report for the third quarter of 2023 ending September 30: revenue was 154.6 billion yuan, up 10% year on year; net profit was 36.18 billion yuan, down 9% year on year; under non-international financial reporting standards, net profit was 44.92 billion yuan, up 39% year on year. After the financial report was released, Tencent Chairman and CEO Ma Huateng, President Liu Chiping, Chief Strategy Officer James Michelle (James Michelle), and CFO Luo Shuohan held a financial conference call to interpret the key points of the financial report and answer questions from analysts. infra
JD announces personnel changes! Interpretation of the triple considerations behind Xu Ran's concurrent tenure as CEO of JD Retail
On the evening of November 15, JD released its financial report for the third quarter of 2023, and also announced important personnel appointments: Xu Ran, CEO of JD Group, also served as CEO of JD Retail, and Xin Lijun, the former CEO of JD Retail, had another appointment. From the head of retail finance at JD, to the CFO of the JD Group, to the CEO of the JD Group, Xu Ran, who has been promoted to three levels in a row within five years, is now personally in charge of JD's most important business, JD Retail. As a gentle and elegant female manager, why did Xu Ran gain the trust of JD over and over again, carrying heavy burdens? Can she lead the steady development of JD and JD retail in the current competitive market? Why
Direct impact of changes | ICT stocks collectively opened higher, US inflation slowed more than expected, and expectations of interest rate hikes fell sharply
According to news, the US CPI recorded 3.2% year on year in October, the same as last month, all lower than previous market expectations.