Meituan ADR Stock Forum

For techs, $BABA-SW(09988.HK)$ added 0.3% to $73.2, while TENCENT picked up 0.2% to $340. $MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ , $BIDU-SW(09888.HK)$ , $NTES-S(09999.HK)$ and $BILIBILI-W(09626.HK)$ climbed 0.5-1.3%, while $SENSETIME-W(00020.HK)$ jumped 1.2%. Brokers said that SENSETIME-W's "SenseNova 5.0" foundation model outperforms GPT-4 Turbo in Chinese context. $ZTE(00763.HK)$ gained 0.7% to $16.28 after it reported a growth of 3.7% in 1Q24 n...

$Hang Seng TECH Index(800700.HK)$ climbed 372 points or 2.2% to close at 17,201. $Hang Seng China Enterprises Index(800100.HK)$ gained 145 points or 2.5% to close at 6,100. $Hang Seng TECH Index(800700.HK)$ advanced 124 points or 3.6% to close at 3,573. Total market turnover for the day amounted to $129.584 billion.
$SENSETIME-W(00020.HK)$ rocketed 31.1% before trading in its share halter, following the release of its new AI model, and the stock printed at $0.8 before the suspensio...

Hong Kong stocks opened higher in the morning session. $Hang Seng TECH Index(800700.HK)$ opened 167 points or 1% higher at 16,679. $Hang Seng China Enterprises Index(800100.HK)$ opened 56 points or 1% higher at 5,887. $Hang Seng TECH Index(800700.HK)$ opened 58 points or 1.7% higher at 3,394.
$PDD Holdings(PDD.US)$ shot up 9.4% in the US stock market yesterday, while online shopping platform $JD-SW(09618.HK)$ opened 5% higher. $BABA-SW(09988.HK)$ hiked 1.2...

While US big techs waned last Friday, with $NVIDIA(NVDA.US)$ slipping 10%, HK techs held steady, with $TENCENT(00700.HK)$ opening 1.4% higher and $BABA-SW(09988.HK)$ opening 1.3% higher.
$KUAISHOU-W(01024.HK)$ , $NTES-S(09999.HK)$ , $JD-SW(09618.HK)$ and $MEITUAN-W(03690.HK)$ surged 2.5%-2.9%. $BILIBILI-W(09626.HK)$ hiked 1.8%. $BIDU-SW(09888.HK)$ and $LENOVO GROUP(00992.HK)$ added 0.5% and 0.7% each.
$XIAOMI-W(01810.HK)$ opened flat. Xiaomi Auto will...

Hong Kong stocks opened softly this morning. $Hang Seng Index(800000.HK)$ opened falling 139 points or 0.9% at 16,246, $Hang Seng China Enterprises Index(800100.HK)$ opened dropping 58 points or 1% at 5,745, and $Hang Seng TECH Index(800700.HK)$ opened declining 48 points or 1.4% at 3,308.
Techs were under pressure, with $TENCENT(00700.HK)$ opening 0.3% lower. $BABA-SW(09988.HK)$ reduced its holdings in $CLOUD MUSIC(09899.HK)$ by 2.2 million shares over th...

There was HKD945.3 million, HKD452.6 million and HKD230.3 million Southbound Trading net inflow to $TENCENT(00700.HK)$ , $CCB(00939.HK)$ and $CHINA MOBILE(00941.HK)$ .
There was HKD187.2 million, HKD60.4 million and HKD33.8 million Southbound Trading net outflow from $MEITUAN-W(03690.HK)$ , $PETROCHINA(00857.HK)$ and $CNOOC(00883.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , $TRACKER FUND OF HONG KONG(02800.HK)$ was the most ...

S&P Ratings raises the outlook for $MEITUAN-W(03690.HK)$ to positive, as the food-delivery giant plans to narrow losses in its new business and better financial discipline could improve profitability and cash flow visibility.
S&P's base case assumes adjusted EBITDA will grow more than 40% to 36 billion yuan in 2024, largely aided by lower losses at Meituan Select, the community group buying business.
$Hang Seng Index(800000.HK)$$Hang Seng TECH Index(800700.HK)$$Meituan ADR(MPNGY.US)$$KraneShares CSI China Internet ETF(KWEB.US)$

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%...