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MPNGF Meituan(ADR)

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12.210
0.0000.00%

15min DelayClose Apr 19 15:33 ET

75.74BMarket Cap41.82P/E (TTM)

Meituan(ADR) Stock Forum

Spinee

Feb 22 14:12

Expect a consistent theme from China this 1H24

Domestic consumption led by travel/tourism/dining, while people seek to buy "more for less". $Alibaba(BABA.US)$$BABA-SW(09988.HK)$$PDD Holdings(PDD.US)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$MEITUAN-W(03690.HK)$$Meituan(ADR)(MPNGF.US)$

Spinee: 中国人民银行：自纽约晚会以来，中国在线支付交易突破人民币7.7万亿元，同比增长10.1％

Spinee

Jan 22 10:58

Here’s 10 Things You Might Have Missed in China Last Week (1/15 to 1/19):

1. Baidu's Military Connection Raises Sanction Concerns

Reports indicate that China’s military has linked its AI program with Baidu’s ChatGPT-like service, sparking fears of potential US sanctions due to its involvement in state-backed military projects. Baidu denies affiliation with the People's Liberation Army, but as a leading AI firm in China, it may face sanctions from the US and its allies. $Baidu(BIDU.US)$$BIDU-SW(09888.HK)$$Chatgpt Concept(BK1347.HK)$$ChatGPT(BK2136.US)$
...

Spinee

Jan 19 09:48

MEITUAN-W Repurchases 5.7306M Shrs, Involving $400M

$MEITUAN-W(03690.HK)$ disclosed in a statement that on 18 January, it repurchased 5.7306 million shares on the Stock Exchange at a price of $68.4-$71.35 per share, involving a total amount of about $400 million.
Since the ordinary resolution was passed, a total of 38.3841 million shares have been repurchased, representing 0.6149% of the company's share capital.
$Meituan ADR(MPNGY.US)$$Meituan(ADR)(MPNGF.US)$

Spinee

Jan 5 22:08

MEITUAN's KeeTa Grosses 1.3M+ User Downloads & Registrations

KeeTa, the takeaway platform of $MEITUAN-W(03690.HK)$ , announced that more than 1.3 million users have downloaded and registered the App so far, with more than 10,000 new downloads per day in Hong Kong. User activity in December 2023 surged more than 50% month-on-month.
KeeTa cited third-party data from Measurable AI, which indicated that KeeTa accounted for approximately 30.6% of the total number of orders in Hong Kong based on takea...

Spinee

Dec 7, 2023 21:09

MEITUAN's Takeaway Livestreaming GMV Tops RMB2B in Oct, Report Says

$MEITUAN-W(03690.HK)$ 's takeaway livestreaming is regarded internally as this year's strategic business, Chinese news broke.
In April, results were gradually yielded after the opening of the first takeaway live broadcast. In July, the gross merchandise volume (GMV) approximated RMB500-600 million, a monthly growth of 20%; in August, the GMV swiftly surged to RMB1-1.2 billion; and in October, the monthly GMV exceeded RMB2 billio...

Spinee

Dec 5, 2023 14:09

MEITUAN Reportedly Undergoes Significant Managerial Shuffles

$MEITUAN-W(03690.HK)$ 's CEO Wang Xing issued an internal letter, announcing the appointments for the heads of several technical departments.
$Meituan ADR(MPNGY.US)$$Meituan(ADR)(MPNGF.US)$$KraneShares CSI China Internet ETF(KWEB.US)$$Hang Seng TECH Index(800700.HK)$

Spinee

Nov 29, 2023 10:45

MEITUAN Plans to Repurchase Shrs for No More than US$1B from Fri

$MEITUAN-W(03690.HK)$ announced that the board of directors of the Company, on November 28, 2023, resolved to repurchase shares of the Company in the open market from time to time up to US$1 billion in value starting from December 1, 2023, pursuant to the share repurchase mandate approved by the shareholders of the Company at the annual general meeting.
The Company believes that the share repurchase will demonstrate the Company’s c...

Spinee

Nov 29, 2023 10:14

MEITUAN ADR Shr Price Slumps 10%+; Broker Foresees Margin Pressure

$MEITUAN-W(03690.HK)$ released its financial results for the third quarter of 2023 after market close yesterday (28th). The share price of the company's ADRs plummeted 10.8% to US$24.8.
$Meituan ADR(MPNGY.US)$
Goldman Sachs anticipated the operating profit margin of MEITUAN-W, in particular its core local commerce segment, to remain torpid in the fourth quarter. The broker projected the EBIT margin for the in-store, hotel & travel...

Spinee

Nov 23, 2023 12:55

Here's what happened in China's markets last trade day (11/22):

1. Jack Ma's Shift in Share Plans:
Jack Ma's family trusts reconsider selling 10 million Alibaba shares.
Planned disposal impacted Alibaba's stock, despite good quarterly results.
Jack Ma intends to retain his Alibaba stake, citing undervaluation.
The company declared a $1 cash dividend for the quarter.
$BABA-SW(09988.HK)$$Alibaba(BABA.US)$
2. Upcoming IPOs for CATL and SHEIN:
CATL, a leading EV battery supplier, co...

Spinee

Oct 10, 2023 11:59

Daiwa Expects MEITUAN to Benefit From Strong Domestic Travel Demand in CN

Daiwa wrote in a report that $Trip.com(TCOM.US)$ is a key beneficiary of strong domestic and outbound travel demand, and expected further easing of outbound capacity to be a key catalyst for the company in 4Q23. The broker is also bullish on $MEITUAN-W(03690.HK)$ , as it expected the company's revenue from arrivals, tours and hotels in 2H to benefit from strong demand for domestic hotels.
The report cited the Chinese Min...

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