Delivery Hero Shares Slump After Report That Meituan Plans Saudi Launch
By Helena Smolak Delivery Hero's shares slumped after Bloomberg reported that China's Meituan is set to debut in Saudi Arabia with its app KeeTa, a move analysts view as a competitive threat to the G
North and South Water | Rare! Nanshui Net bought 22.4 billion A shares, bucking the trend and reducing bank stock positions; Beishui continued to increase its holdings at the Bank of China and the Hong Kong Stock Exchange
Northbound's net purchase of A-shares was $22.4 billion, and Southbound's net purchase of Hong Kong shares was HK$1,174 billion.
Illustration丨Southbound Capital increased Bank of China positions for 7 consecutive days and reduced positions with Meituan for 4 consecutive days
Southwest Capital made net purchases of HK$1,174 billion in Hong Kong stocks today, including net purchases of Bank of China at $888 million, Kuaishou at $500 million, and HKEx at $116 million; net sales of Meituan at $760 million, HSBC Holdings at $344 million, and CNOOC at $167 million. According to statistics, Southbound Capital has increased its holdings with the Bank of China for 7 consecutive days, totaling HK$5,235.13 billion; and on the Hong Kong Stock Exchange for 4 consecutive days, totaling HK$1,6514.6 billion. Southbound Capital has reduced HSBC Holdings positions for 5 consecutive days, totaling HK$2,2613.8 billion; for 4 consecutive days, Meituan's positions have been reduced to a total of HK$3,578.68 billion.
The “beef flavor” of Hong Kong stocks is getting stronger! The Hang Seng Index surged this week to welcome its strongest weekly performance in 12 years
The Zhitong Finance App learned that Hong Kong stocks can be described as having experienced a week that shocked the world. The Hang Seng Index is expected to have the best trend performance since 2011. The Hang Seng Index, the benchmark index for the Hong Kong stock market, can be described as having risen sharply since this week. It is expected to achieve a weekly increase of close to 10% at the close of Friday, accompanied by a sharp increase in trading volume and strong momentum. It was mainly stimulated by optimism brought about by strong profits from US tech giants such as Microsoft and Google, as well as a series of favorable news in the Chinese market, including the approval of Tencent games, the extension of Chinese developers' bonds, and the relaxation of Shanghai by the China Securities Regulatory Commission
[Hong Kong Stock Connect] Meituan (03690): May Day Cultural Tourism Reservations Increased by Over 190%
Jinwu Financial News | On April 26, according to data from Meituan (03690), as of April 24, the number of cultural tourism reservations (including scenic spots, accommodation, transportation, etc.) for the May Day holiday increased by more than 190%. Beijing, Shanghai, Chengdu, Chongqing, Xi'an, Changsha, Guangzhou, Wuhan, Nanjing, and Qingdao were the top 10 most popular destinations in the country. In addition to traditional tourist cities continuing to be popular, long-distance travel such as round-trip and outbound tours are popular, while taste buds, travel photography, and finding niche destinations continue to be popular, becoming a popular trend in May Day travel this year.
[Hong Kong Stock Connect] Meituan (03690) plans to launch its international takeout platform in Saudi Arabia's capital Riyadh
Jin Wu Financial News | According to reports, Meituan (03690) plans to launch its international takeout platform in the Saudi capital Riyadh. At a time when growth in the mainland market is slowing, this will be the company's first step outside of Greater China. People familiar with the matter said that Meituan is committed to launching its KeeTA app in the Middle East, and Riyadh will be the first stop. Meituan Exploration has been entering the Middle East market for several months, and is likely to launch as early as the next few months.
Heavy, it's all gone crazy!
A major shift in logic
Trending Industry Today: SENSETIME-W Leads Gains In Weighted Voting Right Stocks
April 24th - The industry of $Weighted Voting Right Stocks(BK1255.HK)$ is trending higher today with 17 constituents up, 1 constituents down and SENSETIME-W leading Gains.$SENSETIME-W(00020.HK)$ surge
CICC 24Q1 Active Equity Fund Analysis: The ratio of Hong Kong stocks showed an increase in the energy and raw materials industries and a significant increase in holdings
In terms of asset allocation, there has been a correction in stock positions, and the Hong Kong stock ratio has shown an increase. In terms of Hong Kong stocks, heavy holdings are concentrated in the IT industry, energy industry, non-essential consumption and healthcare industries. Among them, the energy industry and raw materials industry saw significant increases in 2024Q1.
Hong Kong stocks closed (04.23) | Hang Seng Index closed up 1.92%, TechNet stocks once again strong, Meituan-W (03690) rose nearly 8% to lead blue chips
UBS raised the Hong Kong stock rating to overrated, and the China Securities Regulatory Commission's five measures against Hong Kong boosted the market. Hong Kong stocks strengthened for two consecutive days.
Changes in Hong Kong stocks | The Hengke Index rose more than 3% in the morning, Kuaishou (01024) rose more than 8%, leading the way in Internet valuations and risk premiums for constituent stocks, which may face a major recovery
The Hang Seng Technology Index rose more than 3% in the morning. As of press release, Kuaishou-W (01024) rose 7.74% to HK$48.7; JD Group-SW (09618) rose 6.17% to HK$106.7; Meituan-W (03690) rose 6.06% to HK$106.7; and Tencent (00700) rose 3.25% to HK$330.8.
Changes in Hong Kong stocks | RMB double counter stocks collectively rise, China Securities Regulatory Commission supports the inclusion of RMB stock trading counters in Hong Kong Stock Connect
RMB double-counter stocks rose collectively. As of press time, Kuaishou-WR (81024) rose 6.21% to HK$44.5; Meituan-WR (83690) rose 5.75% to HK$98.45; JD Group-SWR (89618) rose 5.22% to HK$97.8; and Tencent Holdings-R (80700) rose 2.63% to HK$304.
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) | April 23
Zhitong Hong Kong Stock Connect capital flow|April 23
Changes in Hong Kong stocks | TechNet stocks are collectively rising today, China Securities Regulatory Commission announces new measures to cooperate with Hong Kong, Internet companies continue to increase buybacks
The Zhitong Finance App learned that TechNet stocks rose collectively today. As of press release, Meituan-W (03690) rose 5.67% to HK$100.7; Tencent (00700) rose 5.66% to HK$321; Alibaba-SW (09988) rose 3.22% to HK$68.85; NetEase (09999) rose 2.8% to HK$146.8. According to the news, on April 19, the China Securities Regulatory Commission stated that it will deepen cooperation with Hong Kong and announce 5 capital market cooperation measures with Hong Kong, including easing the scope of eligible products for stock ETFs under the Shanghai, Shenzhen, and Hong Kong Stock Connect
Changes in Fu Pengbo and Zhao Feng's positions in the first quarter came to light, making huge increases in positions with Tencent, Meituan, and China Financial Insurance
The latest news from the 10 billion fund manager
Meituan-W spent HK$399 million to buy back 4,018 million shares on April 16
Meituan-W (03690) announced that on April 16, 2024, the company spent HK$399 million to repurchase 4,018 million shares at a repurchase price of HK$97.75-101.3 per share.
Gelonghui Announcements Selected (Hong Kong Stocks) | Shijiyao Group (02005.HK) Net Profit Increased 14.6% to HK$416 Million in the First Quarter
[Today's Focus] Shijiyao Group (02005.HK): Net profit increased by 14.6% in the first quarter to HK$416 million. Shijiyao Group (02005.HK) announced that the group's sales were mainly carried out in China and were denominated in RMB. For the three months ending March 31, 2024, the RMB depreciated by about 3.6% against the Hong Kong dollar compared to the same period in 2023. As a result, in Hong Kong dollars, the Group's unaudited turnover for the three months ended 31 March 2024 increased by only 2.9% over the same period in 2023 to approximately HK$1,799 billion (same period in 2023: approximately HK$1,749 million).
Meituan-W (03690.HK) spent HK$400 million to buy back 4.02 million shares on April 16
On April 16, Gelonghui | Meituan-W (03690.HK) announced that on April 16, it spent HK$400 million to repurchase 4.02 million shares at a price of HK$97.75-101.3 per share.
North and South Water | Beishui made a significant net purchase of nearly HK$10 billion, increasing CNPC's inventory for 5 consecutive days; Nanshui raised more than 200 million yuan from Maotai
Track the latest developments in north-south funding
Meituan-W (03690.HK) spent HK$400 million to buy back 3.96 million shares on April 15
On April 15, Gelonghui | Meituan-W (03690.HK) announced that on April 15, it spent HK$400 million to repurchase 3.96 million shares at a price of HK$99.05-102 per share.
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