Streetbeat News

MPNGY

Meituan

Open

40.29

Mkt cap

122B

Volume

37K

High

40.29

P/E Ratio

41.88

52-wk high

56.75

Low

39.76

Div yield

N/A

52-wk low

15.70

Meituan's strong Q3 2024 results, with 22% year-over-year revenue growth and significant margin expansion, support a bullish outlook. The company's focus on profitability over market share, particularly in new initiatives, has driven EBITDA growth. The on-demand delivery segment's improved monetization and solid volume growth outlook are key drivers for future profit margin improvements.

Portfolio Pulse from

December 03, 2024 | 12:30 pm

Chinese food delivery giant Meituan reported a 22.4% increase in third-quarter revenue, surpassing expectations despite slow Chinese consumption.

Portfolio Pulse from

November 29, 2024 | 9:00 am

Citi identifies Tencent, Trip.com Group, and Meituan as potential beneficiaries of China's new economic stimulus measures. These U.S.-listed Chinese stocks are expected to gain from increased consumer spending and market confidence.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 9:52 am

Alibaba's Cainiao unit launches next-day delivery in Europe, plans global e-commerce hubs. The move is part of Alibaba's strategy to expand globally and regain market share. Alibaba's stock is down 4% over the past year but shows potential for recovery with its inclusion in the Stock Connect program.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 2:30 pm

U.S. short sellers are speculating that the surge in Chinese stocks is over, leading to a selloff in major Chinese companies like Baidu, JD.com, Alibaba, Bilibili, and PDD Holdings. Bearish bets against BlackRock's iShares China Large-Cap ETF have reached their highest since October 2020. Investors are cautious due to mixed economic outcomes in China and the risk of sudden regulatory crackdowns.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 3:03 pm

Goldman Sachs has raised its forecast for the Chinese market, citing a significant rally in Chinese stocks and a reduction in property-related risks. The MSCI China Index, tracked by the iShares MSCI China ETF (NYSE:MCHI), has seen substantial gains. Goldman Sachs has launched a 40-stock China Recovery Portfolio, including prominent stocks like Alibaba (NYSE:BABA), BYD (OTCPK:BYDDY), Li Auto (NASDAQ:LI), and Trip.com (NASDAQ:TCOM).

Portfolio Pulse from Piero Cingari

May 21, 2024 | 1:32 pm

Chinese stocks have surged, driven by economic recovery signs and a rally in the SSE Composite Index, despite concerns over premature investor optimism and downward earnings revisions. ETFs like KWEB, MCHI, FXI, GXC, CNYA, PGJ, and FLCH offer exposure to China's market, each with unique strategies and year-to-date returns.

Portfolio Pulse from Piero Cingari

May 08, 2024 | 4:04 pm

Henry Greene, Investment Strategist at KraneShares, highlights the investment opportunities in China's market, focusing on the internet and technology sectors due to low internet penetration and government support for domestic tech companies. He remains optimistic about China as an asset class despite geopolitical tensions, noting the KraneShares CSI China Internet ETF (KWEB) and its top holdings. KraneShares has also launched two ETFs, KPRO and KBUF, offering downside protection on KWEB. Greene believes China's stock market has bottomed, presenting a rare buying opportunity, especially in internet stocks and AI applications.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 5:20 pm

Alibaba Group Holding Limited (NYSE:BABA) led a rebound in Hong Kong stocks, ending a two-day decline as optimism grew from the Federal Reserve's openness to policy easing and a private survey showing China's manufacturing industry's expansion. Other tech and e-commerce companies like JD.com Inc (NASDAQ:JD), Meituan (OTC:MPNGF, OTC:MPNGY), NetEase Inc (NASDAQ:NTES), and Tencent Holding Ltd (OTC:TCEHY) also saw gains. Alibaba is exploring the sale of its InTime department store branch, indicating a strategic pivot and refocusing on core e-commerce and cloud computing sectors. Alibaba's stock increased by 1.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 1:13 pm

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