CN SAMR Probes Into MEITUAN-W (03690.HK)'s Alleged Monopoly Behavior
Chinese State Administration of Market Regulation (SAMR) announced that it has based on recent reports launched an investigation into MEITUAN-W (03690.HK) 's "choose one from two" syndicated action.
Source: AAStocks Financial News
|
|
Meituan 3690
Re: Meituan 3690
by winston » Mon Apr 26, 2021 8:09 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Tue Apr 27, 2021 7:22 am
not vested
Meituan becomes the focus of China’s antitrust investigation as government’s scrutiny of business practices shifts
The State Administration of Market Regulation, the antitrust watchdog agency, announced the probe in a one-line statement on its website
The government is looking into whether Meituan has forced merchants to pick its platform as the exclusive distribution channel, after receiving a tip-off from the public
Source: SCMP
https://www.scmp.com/tech/policy/articl ... ne-alibaba
Meituan becomes the focus of China’s antitrust investigation as government’s scrutiny of business practices shifts
The State Administration of Market Regulation, the antitrust watchdog agency, announced the probe in a one-line statement on its website
The government is looking into whether Meituan has forced merchants to pick its platform as the exclusive distribution channel, after receiving a tip-off from the public
Source: SCMP
https://www.scmp.com/tech/policy/articl ... ne-alibaba
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Tue Apr 27, 2021 2:41 pm
not vested
BOCOMI: MEITUAN-W May Face RMB4-12B Fine, Potential Admin Penalty Impact Feeble
China's SAMR launched an antitrust probe into MEITUAN-W (03690.HK).
With reference to BABA-SW (09988.HK)'s case, BOCOM International expected the conviction to be based on Meituan's food delivery market share, Meituan Waimai's control over service prices and merchant traffic, the firm's funds and tech capability, etc.
The broker did not see material impact from Beijing's administrative penalty on Meituan's operation, yet projecting near-term price effect.
The fine may range RMB4-12 billion, representing 1-3% of Meituan's takeaway GMV in 2018/19.
Source: AAStocks Financial News
BOCOMI: MEITUAN-W May Face RMB4-12B Fine, Potential Admin Penalty Impact Feeble
China's SAMR launched an antitrust probe into MEITUAN-W (03690.HK).
With reference to BABA-SW (09988.HK)'s case, BOCOM International expected the conviction to be based on Meituan's food delivery market share, Meituan Waimai's control over service prices and merchant traffic, the firm's funds and tech capability, etc.
The broker did not see material impact from Beijing's administrative penalty on Meituan's operation, yet projecting near-term price effect.
The fine may range RMB4-12 billion, representing 1-3% of Meituan's takeaway GMV in 2018/19.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Fri Apr 30, 2021 2:12 pm
not vested
Meituan Dianping Class B (3690 HK)
Anti-trust Investigation Into Leading Internet Companies Continues
The State Administration for Market Regulation (SAMR) has officially conducted its
investigation into Meituan on the alleged anti-monopolistic practices.
The above news comes just more than two weeks after Alibaba was fined Rmb18b.
Meituan has issued a statement and responded that the company will actively cooperate with regulators, while its core businesses will continue operating as usual.
We maintain BUY with an unchanged target price of HK$430.00.
Our target price is based on 2022 SOTP valuation.
We believe the regulatory issues have been priced in, and we remain confident on
Meituan’s competitive advantages ie
a) best local market development capability with in-depth know-how and experience; b) its strong supply chain in providing quality on-demand delivery service, as it is running related businesses such as Meituan Grocery, B2B food distribution
services like Kuailv; and
c) strong mapping system and technology.
Source: UOBKH
https://research.uobkayhian.com/content ... 055cfef2c5
Meituan Dianping Class B (3690 HK)
Anti-trust Investigation Into Leading Internet Companies Continues
The State Administration for Market Regulation (SAMR) has officially conducted its
investigation into Meituan on the alleged anti-monopolistic practices.
The above news comes just more than two weeks after Alibaba was fined Rmb18b.
Meituan has issued a statement and responded that the company will actively cooperate with regulators, while its core businesses will continue operating as usual.
We maintain BUY with an unchanged target price of HK$430.00.
Our target price is based on 2022 SOTP valuation.
We believe the regulatory issues have been priced in, and we remain confident on
Meituan’s competitive advantages ie
a) best local market development capability with in-depth know-how and experience; b) its strong supply chain in providing quality on-demand delivery service, as it is running related businesses such as Meituan Grocery, B2B food distribution
services like Kuailv; and
c) strong mapping system and technology.
Source: UOBKH
https://research.uobkayhian.com/content ... 055cfef2c5
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Mon May 10, 2021 3:13 pm
not vested
Meituan (3690 HK) - Looking past the immediate headwinds
In our view, Meituan is growing into a one-stop local service provider, partner and platform ecosystem for consumers, merchants, and suppliers.
Strong top-line growth across its 3 business units (food delivery, in-store, hotel & travel, and new initiatives and others) have been recently registered, while its more ‘mature’ businesses of in-store, hotel & travel and food delivery have been seeing broadly stable margins and improving unit economics, respectively.
Of the various new initiatives being pursued by Meituan, we believe one of the key engines of future growth lies in the area of Community Group Purchase (CGP), and in our view Meituan is well positioned in this CGP market.
While we do take some comfort in the observations made from the conclusion of the anti-monopoly investigation against Alibaba, we are cognizant that Meituan’s ongoing regulatory review (including that pertaining to CGP) might still result in subdued investor sentiment in the near-term.
Still, we advocate for patience and recommend to accumulate on dips. BUY.
Source: OCBC
Meituan (3690 HK) - Looking past the immediate headwinds
In our view, Meituan is growing into a one-stop local service provider, partner and platform ecosystem for consumers, merchants, and suppliers.
Strong top-line growth across its 3 business units (food delivery, in-store, hotel & travel, and new initiatives and others) have been recently registered, while its more ‘mature’ businesses of in-store, hotel & travel and food delivery have been seeing broadly stable margins and improving unit economics, respectively.
Of the various new initiatives being pursued by Meituan, we believe one of the key engines of future growth lies in the area of Community Group Purchase (CGP), and in our view Meituan is well positioned in this CGP market.
While we do take some comfort in the observations made from the conclusion of the anti-monopoly investigation against Alibaba, we are cognizant that Meituan’s ongoing regulatory review (including that pertaining to CGP) might still result in subdued investor sentiment in the near-term.
Still, we advocate for patience and recommend to accumulate on dips. BUY.
Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by behappyalways » Tue May 11, 2021 1:45 pm
Meituan: China tech giant's shares slide over ancient poem
https://www.bbc.com/news/business-57066908
https://www.bbc.com/news/business-57066908
血要热 头脑要冷 骨头要硬
- behappyalways
- Millionaire Boss
- Posts: 41150
- Joined: Wed Oct 15, 2008 4:43 pm
Re: Meituan 3690
by winston » Tue May 11, 2021 1:56 pm
not vested
C Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
The Nanjing government issued a new guidance, asking firms to make social security contributions for full-time food delivery riders, reported Credit Suisse.
MEITUAN-W (03690.HK)'s riders are currently under outsourced contracts without making any social security contribution.
In the worst case, MEITUAN-W will see a 10% hike in unit rider cost should the new rule be implemented. MEITUAN-W was kept Outperform at a $410 target.
Credit Suisse said it continues to like MEITUAN-W's strong execution and has confidence in the company’s long-term development prospects in the mainland service sector.
Yet in short term, the ongoing antitrust investigations in China and potential impact of the social security incident may affect the brokers valuation of the company.
Source: AAStocks Financial News
C Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
The Nanjing government issued a new guidance, asking firms to make social security contributions for full-time food delivery riders, reported Credit Suisse.
MEITUAN-W (03690.HK)'s riders are currently under outsourced contracts without making any social security contribution.
In the worst case, MEITUAN-W will see a 10% hike in unit rider cost should the new rule be implemented. MEITUAN-W was kept Outperform at a $410 target.
Credit Suisse said it continues to like MEITUAN-W's strong execution and has confidence in the company’s long-term development prospects in the mainland service sector.
Yet in short term, the ongoing antitrust investigations in China and potential impact of the social security incident may affect the brokers valuation of the company.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Tue May 11, 2021 2:02 pm
Macquarie: MEITUAN-W Shr Price May See Support at $220-230 If Mkt Derating Continues
MEITUAN-W (03690.HK)'s share price slipped 7% yesterday on market worries over possible regulatory and competitive stress, reported Macquarie.
Based on scenario analysis, MEITUAN-W's price could see support at $220-230 should market derating continue. However, the broker mentioned the unresolved antitrust probe into MEITUAN-W, who shall see price overhang amid ceaseless uncertainty.
Related NewsC Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
MEITUAN-W was rated at Neutral, with an unchanged target of $316.
Source: AAStocks Financial News
MEITUAN-W (03690.HK)'s share price slipped 7% yesterday on market worries over possible regulatory and competitive stress, reported Macquarie.
Based on scenario analysis, MEITUAN-W's price could see support at $220-230 should market derating continue. However, the broker mentioned the unresolved antitrust probe into MEITUAN-W, who shall see price overhang amid ceaseless uncertainty.
Related NewsC Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
MEITUAN-W was rated at Neutral, with an unchanged target of $316.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Tue May 11, 2021 4:46 pm
not vested
Citi: MEITUAN-W's Talk with SH Consumer Council In Line with Regulatory Direction; Internet Platform User Growth May Ease
Shanghai Consumer Council met with MEITUAN-W (03690.HK) , blasting deficiencies in its consumer interest protection.
Citigroup believed China's talk with MEITUAN-W and Pinduoduo (PDD.US) aligned with its overall regulatory direction regarding internet platforms, aiming to safeguard consumer rights and assure rational and fair competition.
The broker saw slower internet platform user growth, which may eventually lead to easing GMV or revenue increment, as well as higher cost or extra investment to comply with regulatory requirements.
Related NewsMacquarie: MEITUAN-W Shr Price May See Support at $220-230 If Mkt Derating Continues
Source: AAStocks Financial News
Citi: MEITUAN-W's Talk with SH Consumer Council In Line with Regulatory Direction; Internet Platform User Growth May Ease
Shanghai Consumer Council met with MEITUAN-W (03690.HK) , blasting deficiencies in its consumer interest protection.
Citigroup believed China's talk with MEITUAN-W and Pinduoduo (PDD.US) aligned with its overall regulatory direction regarding internet platforms, aiming to safeguard consumer rights and assure rational and fair competition.
The broker saw slower internet platform user growth, which may eventually lead to easing GMV or revenue increment, as well as higher cost or extra investment to comply with regulatory requirements.
Related NewsMacquarie: MEITUAN-W Shr Price May See Support at $220-230 If Mkt Derating Continues
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Re: Meituan 3690
by winston » Tue May 11, 2021 4:54 pm
not vested
MEITUAN-W (03690.HK) Revises Delivery Rule, Charges Fee on Distance, Price, Timeslot
MEITUAN-W (03690.HK) has recently revised its delivery rules by dividing service fulfillment fees into three metrics, namely distance, price and timeslot, reported Chinese media.
Accordingly, such fees will be calculated based on distance and food prices in a way similar to the taximeter.
The new rule has been rolled out in all cities with direct Meituan Waimai operations from 1 May.
Related NewsC Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
Source: AAStocks Financial News
MEITUAN-W (03690.HK) Revises Delivery Rule, Charges Fee on Distance, Price, Timeslot
MEITUAN-W (03690.HK) has recently revised its delivery rules by dividing service fulfillment fees into three metrics, namely distance, price and timeslot, reported Chinese media.
Accordingly, such fees will be calculated based on distance and food prices in a way similar to the taximeter.
The new rule has been rolled out in all cities with direct Meituan Waimai operations from 1 May.
Related NewsC Suisse: MEITUAN-W's Unit Rider Cost May Climb 10% If Social Security Contribution Fully Paid
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111924
- Joined: Wed May 07, 2008 9:28 am
Who is online
Users browsing this forum: No registered users and 0 guests