Streetbeat News

MPNGY

Meituan

Open

45.41

Mkt cap

141B

Volume

103K

High

46.66

P/E Ratio

48.52

52-wk high

56.75

Low

45.41

Div yield

N/A

52-wk low

22.46

Meituan's Keeta is poised to dominate Hong Kong's food delivery market with over 50% market share after Deliveroo's exit. This success underscores Meituan's global growth potential, with plans to expand in the GCC region and possibly enter Singapore.

Portfolio Pulse from

March 14, 2025 | 8:45 am

Meituan is expanding its platform to include personal photographers, targeting a RMB 500bn market. This move is expected to enhance its leadership in lifestyle services and drive revenue growth, with higher transaction sizes than food delivery and hotel bookings.

Portfolio Pulse from

February 12, 2025 | 7:00 am

Meituan is expanding its global presence, particularly in the GCC, by leveraging its food delivery success to enter grocery delivery and quick commerce. The company is investing in drone technology in the UAE, benefiting from favorable regulatory conditions. This strategic expansion in Saudi Arabia and the UAE is expected to drive significant revenue growth.

Portfolio Pulse from

January 15, 2025 | 6:15 pm

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

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