Meituan 3690

[winston]

not vested

ByteDance Reportedly Confirms Testing Food Delivery Service via Douyin

ByteDance is currently testing a type of food delivery service via Douyin, in several pilot locations including Beijing, Shanghai and Chengdu, the Chinese firm told CNBC.

The service would allow restaurant owners to promote and sell their "group-buying" packages on Douyin, as well as provide users with discounts and coupons, the report added.

Related News: CICC Foresees MEITUAN-W 4Q22 Rev. to Burgeon 19% with Adj. NP of RMB788M

The operating model of Douyin's food delivery service, hence, is very different from MEITUAN-W (03690.HK) and BABA-SW (09988.HK)'s Ele.me, which are both on-demand delivery services.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

[winston]

Meituan (3690 HK)
4Q22 Results Preview: 4Q22 To Remain Under Pressure; Encouraging 2023 Outlook

The encouraging recovery in consumer sentiment as a result of China’s full reopening should bode well for Meituan.

Despite the entry of new competitive rivals, we think Meituan can outperform in recovery and growth trajectory given the food delivery business’ high barriers of entry.

Meituan has robust growth potential as local services is a large vertical with ample room for online digitalisation. Maintain BUY. Target price: HK$221.00.

Source: UOBKH

https://research.uobkayhian.com/content ... c33febac83

[winston]

vested

JP Morgan lifts stake in Meituan

JPM purchased 25.8 million shares last week, raising its stake in China's food delivery giant to 6.45%.

Source: The Standard

https://www.thestandard.com.hk/section- ... in-Meituan

[winston]

vested

MEITUAN Purportedly Strengthens Short-video Content, Re-runs Internal Test on Food Delivery Live-streaming

MEITUAN-W (03690.HK) is once again expanding its short-video content business by adding a short video clip of about 30 seconds on the front page of Meituan's delivery platform, reported Chinese media.

The short video clip will feature recommended delicacies and provide information of relevant merchants.

Additionally, MEITUAN-W has recently been re-running an internal test on its food delivery live-streaming feature and has created a web portal in the Meituan App for users to enter the "food delivery live-streaming" channel, the report added.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

[winston]

vested

Meituan(3690)

Analysis:-

Meituan is China`s leading e-commerce platform for life services.

The company connects consumers and businesses with technology, provides services to meet people`s daily "eating" needs, and further expands to a variety of life and tourism services.

The company supports the service industry through advanced big data and artificial intelligence (AI) technology, and is the innovation pioneer of e-commerce model in the global service industry.

Competitors have been in the adjustment period, Meituan`s refined management has been in the leading position, the number and proportion of high-quality merchants have increased, and the quality of inc ome has been improved by increasing the purchase frequency and the amount of each transaction, and the market share has continued to increase.

In addition, losses from bike sharing and online car hailing services narrowed, and synergies were developed.

With the deregulation of epidemic control and economic recovery, consumer confidence has gradually recovered, and consumption growth has returned to the right track.

Meituan is the first to benefit, and its performance has improved significantly.

Strategy：
Buy-in Price:$143.00, target Price:$167.00, Cut Loss Price:$130.00

Source: Phillips

[winston]

vested

Contrarian Who Called Meituan Rout Sees More Pain for Stock

by John Cheng

“Other players will start to take shares from Meituan especially when there’s a lack of growth anywhere in the industry” .

Sees limited growth potential now that the country has reopened. Competition is also heating up as other tech firms including ByteDance Ltd. expand efforts into the delivery space.

Meituan will continue to “underperform its peers” as the lifting of health restrictions dampens demand for food delivery companies, if global experience is any guide. A world-beating rally in Europe’s food delivery firms quickly reversed last year as deepening losses and rising costs deterred investors.

Among those who will receive the shares, Prosus NV has already announced it will sell them.

Source: Bloomberg

https://finance.yahoo.com/news/contrari ... 00436.html

[behappyalways]

美團攻入香港外賣市場 開月薪3.5萬港幣徵人｜方念華｜FOCUS全球新聞 20230221@tvbsplus
https://m.youtube.com/watch?v=ATA7JiZsnxE

[winston]

Report Says Meituan Maicai Breaks Even and Is Resuming Expansion

Mainland media LatePost reported that MEITUAN-W (03690.HK)'s distributed mini warehouse e-commerce business, Meituan Maicai, has achieved positive gross profit in many months last year, and has restarted its plans of expansion.

Meituan Maicai has shelved their plan to open business in Suzhou early last year, but is reported to have restarted it in February this year, completing their site selection in the city and is slated to open soon.

In addition, Meituan Maicai will expand to more cities in East China this year on the premise of ensuring break-even.

Currently, Meituan Maicai has more than 500 distributed mini warehouses, and the average daily order volume has stabilized at more than 1.1 million units.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

[winston]

vested

Meituan’s Revenue Jumped After Covid Boosted Meal Delivery

by Sarah Zheng and Jane Zhang

Sales rose 21% to 60.1 billion yuan ($8.8 billion) in the quarter ended December, against an average projection for 57.9 billion yuan.

It reported a smaller-than-expected loss of 1.08 billion yuan.

Source: Bloomberg

https://finance.yahoo.com/news/meituan- ... 28454.html

[winston]

vested

Chinese food delivery giant Meituan posts 21.4% rise in 4Q revenue

by Casey Hall

Fourth-quarter revenue from core local commerce, which includes food delivery and non-food delivery service Meituan Instashopping, rose 17.4% to 43.47 billion yuan.

Operating profit for the segment jumped 56.8% year-on-year (y-o-y) to 29.5 billion yuan.

Source: Reuters

https://www.theedgemarkets.com/node/660633