Meituan Dianping 3690

Re: Meituan Dianping 3690

Postby winston » Fri Nov 29, 2019 2:15 pm

not vested

Nov 28. 2019

<Research Report>M Stanley Cites MEITUAN-W (03690.HK): Tops Long-term Growth over Short-term Profitability; Reiterated OW

MEITUAN-W (03690.HK) has highlighted its sturdy momentum and consistent strategy for core businesses by re-accelerating volume growth, opined Morgan Stanley.

Despite adverse seasonality, the firm still recorded a positive adjusted EBIT margin for food delivery in 3Q19, given share gains and higher operating efficiency.

The company restated its target to prioritize long-term growth over near-term profitability, underpinned by an experienced management team and solid execution.

Overall, MEITUAN-W was kept at Overweight, with a target of $105.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Mon Feb 10, 2020 1:25 pm

not vested

<Research Report>HSBC Research Trims MEITUAN-W (03690.HK) TP to $126; Kept Buy

Based on Beijing's food delivery order slide of about 20%, HSBC Global Research modeled a 50% decline in MEITUAN-W (03690.HK)'s food delivery profits per order in 1Q20.

Around 87% of Beijing's restaurants are closed, a heavy blow to MEITUAN-W's earnings engine in the broker's view.

MEITUAN-W was kept at Buy, with target cut from $138 to $126.

The broker noted the firm's solid fundamentals in the long run, with diversified business to help weather predicaments.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Mon May 18, 2020 1:18 pm

not vested

Meituan Dianping (3690 HK) : BUY
Market Cap: US$89,745m | Average Daily Value: US$353.04m
Last Traded Price: HK$119.40;
Price Target 12-mth:HK$141 (17.8% upside)

Ambitious expansion within reach
Expect Meituan Dianping to recover better in food delivery than instore after COVID-19.
Strong GTV to rise by c.26% CAGR during FY20-22F driven by increasing use of online local services.
Above-sector-revenue growth, thanks to the steady food and dining demand.
BUY the stock c.18 % upside potential to HK$141 TP.

Source: DBS

https://researchwise.dbsvresearch.com/R ... eajjkfhgbh
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Fri May 22, 2020 4:04 pm

vested

May 22, 2020

<Research Report>HSBC Global Research Hikes MEITUAN-W (03690.HK) TP to $153; Rated Buy

HSBC Global Research expected MEITUAN-W (03690.HK) to boost its food delivery revenue growth to 27% YoY in 2H20 from 4% YoY in 1H.

The epidemic had pushed forwards digitalization demand with revenue growth set to gather speed in long run.

MEITUAN-W should be well-positioned to seize market share with diversified business, tech infrastructure and supply chains.

Overall, MEITUAN-W was kept at Buy, with target lifted from $110 to $153.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Fri May 22, 2020 4:12 pm

vested

Ratings & TPs on MEITUAN-W (03690.HK) (Table)

2020/05/21

Brokers│Investment Ratings│TPs (HK$)

DBS│Buy│141
Credit Suisse│Outperform│139
Jefferies│Buy│134
Haitong International│Buy│133.86
CITIC Securities│Buy│131.3
Daiwa│Buy│130
Morgan Stanley│Overweight│120
JPMorgan│Overweight│120
GTJA│Overweight│119.7
GF Securities│Buy│118
Citigroup│Buy│117
Goldman Sachs│Buy│116
ICBC international│Buy│115
BofA Securities│Buy│114
Nomura│Buy│114
CCB International│Outperform│110
CICC│Outperform│110
BOC International│Buy│108
Shenwan Hongyuan│Outperform│102

G Sachs' Passive Fund Inflow Forecast if Baba, Meituan, Xiaomi Turn into Bluechip (Table)

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Fri May 22, 2020 4:14 pm

vested

May 15, 2020

Research Report>C Suisse Adds MEITUAN-W (03690.HK) TP to $139; Expects 1Q Adjusted Loss RMB820M

Credit Suisse expected MEITUAN-W (03690.HK)'s 1Q20 revenue at RMB16.1 billion (-16% YoY) and adjusted net loss at RMB822 million.

Food delivery sales slipped 18% YoY with higher rider cost QoQ on subsidies.

This will likely result in operating loss of about RMB309 million.

MEITUAN-W was kept at Outperform, with target lifted from $132 to $139.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Tue May 26, 2020 7:56 am

not vested

Meituan losses narrow 79pc amid difficult Q1

by Stella Zhai

Food delivery orders fell by 12.6 percent. BLOOMBERG

Mainland food delivery firm Meituan Dianping (3690) said its adjusted net loss in the first quarter narrowed by 79.4 percent to 216.34 million yuan (HK$235 million) from a year before, beating market expectations.

It excluded items such as share-based compensation expenses and fair-value changes.

Revenue was dragged down as tourism plunged and orders shrank amid the coronavirus pandemic.

Net losses before adjustments for the quarter ended March 31 amounted to 1.58 billion yuan, widening by 10.2 percent from a year before.

Earnings before interest, taxes, depreciation and amortization plunged by 91 percent year-on-year to 41.31 million yuan.

Revenue during the first quarter this year slid 12.6 percent from a year before to 16.75 billion yuan, with that from food delivery dropping by 11.4 percent to around 9.5 billion yuan.

Revenue from in-store, hotel and travel business, slumped by 31.1 percent to 3.09 million yuan.

Meituan saw its food delivery orders decrease by 17.3 percent from a year before during the first quarter, dragged down by the decline in the purchase frequency of users during the pandemic, said the company.

The daily average number of food delivery transactions also shrank by 18.2 percent year-over-year to 15.1 million, it said.

The gross transaction volume of food delivery slid 5.4 percent year-on-year to 71.5 billion yuan, while the number of users of the platform grew 8.9 percent to around 450 million during the 12 months ended March 31.

The order volume still had not fully recovered to its normal levels by the end of March, as some of consumer demand continued to be impacted by hygiene concerns and quarantine measures, the ongoing closure of universities, and work-from-home policies that applied to many of its high-frequency consumers, said the company.

The company's in-store business was more severely challenged compared with the food delivery segment, with much slower recovery, Meituan said.

The company expected that factors including the pandemic precautions, consumers' insufficient confidence in offline consumption activities, and the risk of merchants' closure would continue to have a potential impact on its business performance.

Source: The Standard

https://www.thestandard.com.hk/section- ... fficult-Q1
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Tue May 26, 2020 11:08 am

not vested

MEITUAN(3690)

Analysis:
The company is China`s leading e-commerce platform, extending from providing food order services to a variety of life and travel services.

The company redefines the service industry through big data and artificial intelligence (AI) technology .

In 2019, the company reported revenue of 97.5 billion yuan (+ 49.5%), adjusted EBITDA of 7.254 billion yuan, and adjusted net profit of 4.647 billion yuan, realizing a turnaround.

The number of trading users increased to 455 million.

After the epidemic, the importance of digital transformation will be recognized by more and more entities and will expand the company`s business scale.

Strategy:
Buy-in Price: $124.15, Target Price: $163.00, Cut Loss Price: $103.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Tue May 26, 2020 11:38 am

not vested

Research Report>BofAS Lifts MEITUAN-W (03690.HK) TP to $143; Rated Buy

MEITUAN-W (03690.HK) posted 1Q20 revenue of RMB16.8 billion (-13% YoY), above consensus.

The firm's food delivery/ instore dining/ hotel/ life service businesses had returned to 90%/ 80%/ 70%/ 60% of pre-pandemic levels.

Hence, BofA Securities expected MEITUAN-W to post a positive food delivery growth this quarter instead of 2H20.

MEITUAN-W was restated at Buy, with target lifted from $114 to $143.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

Re: Meituan Dianping 3690

Postby winston » Wed May 27, 2020 11:07 am

not vested

Meituan Dianping (3690 HK) : BUY
Mkt. Cap: US$82,591m I 3m Avg. Daily Val: US$359.3m
Last Traded Price ( 25 May 2020): HK$125.80
Price Target 12-mth: HK$156.0 (24.0% upside) (Prev HK$141.0)

Silver lining

1Q20 revenue declined by 13%, 6 ppt less than market consensus

Food delivery merchant base fully operational and expanded to include premium restaurants

Instore dining in May back to 80% of prepandemic level

Maintain BUY, TP lifted to HK$156 from HK$141 as we raise FY21F earnings

Source: DBS

https://researchwise.dbsvresearch.com/R ... edhakfhgbh
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106964
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 2 guests

cron