Meituan 3690

Re: Meituan Dianping 3690

Postby winston » Sat May 30, 2020 7:30 am

Meituan co-founder offloads shares

Meituan Dianping (3690) co-founder Wang Huiwen has disposed of two million class-B shares, involving almost HK$274 million, according to shareholding disclosures on the Stock Exchange.

Following the disposal, Wang's B-shareholding dropped to 0.42 percent.

Source: The Standard

https://www.thestandard.com.hk/breaking ... ads-shares
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Re: Meituan Dianping 3690

Postby winston » Thu Jun 04, 2020 10:56 am

not vested

INITIATE COVERAGE BUY

Share Price HK$147.10
Target Price HK$175.00
Upside +19.0%

COMPANY DESCRIPTION

Meituan Dianping is China’s leading one-stop services platform focusing on mass-market
and high-frequency service categories, including dining recommendation and food
delivery services.

Shares issued (m): 5,091.2
Market cap (HK$m): 874,010.4
Market cap (US$m): 112,758.1
3-mth avg daily t'over (US$m): 428.7

Major Shareholders %
Huai River Investment 12.29
Tencent 7.68
Sequoia Capital China 9.14

FY20 NAV/Share (Rmb) 15.04
FY20 Net Cash/Share (Rmb) 1.23

Meituan Dianping (3690 HK)
Leader Of Duopolistic Market Riding On Resilient Local Services

Meituan is well positioned in China’s large consumer services market with a dominant position.

It has been solidifying its leading position in online local services in China’s mostly duopolistic market, spanning food delivery, in-store dining and online services, with a market share of 65% as of 2019 in China’s online on-demand delivery market in terms of GTV, and 35% of online hotel bookings by number of domestic room nights.

Initiate coverage with BUY and target price of HK$175.00

Source: UOBKH

https://research.uobkayhian.com/content ... 2fb62fc8ac
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Re: Meituan Dianping 3690

Postby winston » Fri Jun 12, 2020 7:20 am

not vested

BOCI Lifts MEITUAN-W (03690.HK) TP to $183 on Vibrant Short-haul Trips; Expects 3Q to Strongly Revive

BOCI raised the target price of MEITUAN-W (03690.HK) to $183 from $106 with rating reiterated at Buy.

The broker envisaged the company to become the key beneficiary of domestic short-haul travel resumption as summer long-haul trips will turn into domestic short-haul trips of longer stays, given the company's in-shop, hotel and travel products.

BOCI assumed MEITUAN-W's profitability to remain under pressure in 2Q20 with estimated non-GAAP loss of RMB1.074 billion, despite revived demand from in-shop, hotel and travel in late May.

In the broker's view, only by 3Q20 and 4Q20 will the company hail notable recovery.

Source: AAStocks Financial News
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Re: Meituan Dianping 3690

Postby winston » Mon Jun 15, 2020 2:28 pm

not vested

June 15, 2020

<Research Report>Macquarie Initiates MEITUAN-W (03690.HK) at Outperform, TP $210

The last mile logistics network is the cornerstone of takeaway and FMCG e-commerce businesses, which are being actively developed by MEITUAN-W (03690.HK).

Macquarie believed MEITUAN-W will leverage its network to take a stronger market position in the next 4-5 years, riding on food-service digitization and delivery of daily necessities.

MEITUAN-W was initiated at Outperform, with a target of $210.

Source: AAStocks Financial News
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Re: Meituan Dianping 3690

Postby winston » Tue Jul 07, 2020 10:03 am

hot vested

July 6, 2020

<Research Report>BofAS Hikes MEITUAN-W (03690.HK) TP to $214.2, Rated Buy

MEITUAN-W (03690.HK)'s mobile app user base recovered in 2Q20, with a low-single digit daily user growth in May and largely flat weekly users in late June.

BofA Securities attributed the drag to hotel and in-store demand, despite revenue growth under higher order food delivery size.

MEITUAN-W was restated at Buy, with target lifted from $181 to $214.2.

Source: AAStocks Financial News
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Re: Meituan Dianping 3690

Postby winston » Wed Jul 22, 2020 2:25 pm

vested

MEITUAN-W Chief Scientist: Studying AI Delivery as Orders May Spike 3-4x Next 5 Yrs

MEITUAN-W (03690.HK) chief scientist Xia Huaxia, told Bloomberg that the company is now handling with millions of food orders a day, and expecting the orders to increase 3-4 times in coming five years.

Xia furthered that the company wished to cope with the spiking orders by means of AI and robots.

At present, an automatic delivery technology is under trial in Beijing.

In 3-5 years, the technology is expected to be mature for launch, the scientist said.

Source: AAstocks.com
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Re: Meituan Dianping 3690

Postby winston » Wed Jul 22, 2020 2:57 pm

COMPANY PROFILE

MEITUAN DIANPING is a China-based e-commerce platform providing life services.

The Company connects consumers and businesses, to provide services satisfying people's daily eating needs.

The Company owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan.

The Company is also engaged in the operation of a bike-sharing brand, Mobike.
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Re: Meituan Dianping 3690

Postby winston » Wed Jul 22, 2020 4:07 pm

vested

<Research Report>Citi Lifts MEITUAN-W (03690.HK) TP to $242; Sees 2Q Non-GAAP NP at RMB240M

Ahead of MEITUAN-W (03690.HK)'s 2Q20 results announcement slated for end-August, Citigroup wrote in its research report that the company may deliver results beat.

The broker expected MEITUAN-W to deliver revenue of RMB23.6 billion in 2Q20, up 4% yearly, and non-GAAP net profit of RMB240 million.

MEITUAN-W was kept Buy at the target price HK$242, lifted from HK$145.

Source: AAStocks Financial News
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Re: Meituan Dianping 3690

Postby winston » Fri Jul 24, 2020 7:53 am

vested

Meituan Dianping rolls out food app

by Stella Zhai

Meituan Dianping (3690) has rolled out a Pinduoduo-style food delivery service, introducing group purchases at lower prices, mainland media reported.

The function allows customers to share their order links with other users to add other food and finish the payment within the time limit, in order to get more discounts or free delivery.

This is similar to the order process for Pinduoduo, the second-largest online marketplace in the mainland.

The service is being tested in selected cities through its WeChat-embedded mini-program, according to the tech news website ithome.com.

Source: The Standard
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Re: Meituan Dianping 3690

Postby winston » Fri Jul 24, 2020 3:50 pm

vested

MEITUAN-W Reportedly Intends to Take over Didi

MEITUAN-W (03690.HK) intends to take over Didi, which yet turned down the idea and said it preferred to develop independently, new.qq.com cited a source within the circle of Didi's management.

The report said MEITUAN-W, Didi and two investors had interacted for a merger.

Source: AAStocks Financial News
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