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01.06.26 - 11:18
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Meituan reports third consecutive quarterly loss as rivalry in food delivery hits margins (SCMP)
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Chinese food and on-demand delivery giant Meituan reported its third consecutive quarterly loss as competition in the country's food delivery market appears to be easing but broader rivalry across the local service sector continues to weigh on margins.
Meituan's revenue in the three months ended March rose 5.6 per cent year on year to 91 billion yuan (US$13.45 billion), the company said in an earnings release on Monday.
The company reported an adjusted net loss of 4.97 billion yuan for the first......
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01.06.26 - 11:00
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Results: MEITUAN-W 1Q Non-IFRS Adj. Loss RMB4.968B Beats (AAStocks)
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MEITUAN-W (03690.HK) announced its results for 1Q26 ended March. Net loss during the period was approximately RMB6.827 billion, compared with net profit of approximately RMB10.06 billion in the same period last year. Under non-IFRS, adjusted loss was RMB4.968 billion, compared with adjusted net profit of approximately RMB10.95 b......
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01.06.26 - 10:15
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Full-day Takeaway: HSI Closes at 25,398, Up 215 pts; HSTI Closes at 4,964, Up 80 pts; MEITUAN Up over 6%; CHINA RES POWER, CATL, HUANENG POWER, CHINA POWER Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 215 pts or 0.9% to 25,398. HSTI rose 80 pts or 1.7% to 4,964. HSCEI gained 82 pts or 1.0% to 8,507. Market turnover reached $330.94 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $78.25, up 6.5%XIAOMI (01810.HK) closed at $28.72, up 2.4%TENCENT (00700.HK) closed at $436, up 2.1%BABA (09988.HK) closed......
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01.06.26 - 06:30
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Midday Takeaway: HSI Closes Midday at 25,402, Up 220 pts; HSTI Closes Midday at 4,972, Up 88 pts; MEITUAN Up over 6%; CHINA RES POWER, CATL, HUANENG POWER, CHINA POWER Hit New Highs (AAStocks)
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At midday close, HSI rose 220 pts or 0.9% to 25,402. HSTI rose 88 pts or 1.8% to 4,972. HSCEI gained 88 pts or 1.0% to 8,514.Active Heavyweights:MEITUAN (03690.HK) closed at $78.1, up 6.3%TENCENT (00700.HK) closed at $438.2, up 2.6%BABA (09988.HK) closed at $123.7, up 2.3%XIAOMI (01810.HK) closed at $28.6, up 2%CCB (00939.HK) cl......
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29.05.26 - 10:15
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Full-day Takeaway: HSI Closes at 25,182, Up 176 pts; HSTI Closes at 4,884, Down 4 pts; LENOVO GROUP Up over 21%; LENOVO GROUP, LEGENDHOLDING, HUANENG POWER, CHINA POWER Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 176 pts or 0.7% to 25,182. HSTI dropped 4 pts or 0.1% to 4,884. HSCEI gained 61 pts or 0.7% to 8,425. Market turnover reached $462.07 billion.Active Heavyweights:XIAOMI (01810.HK) closed at $28.04, down 1.8%BABA (09988.HK) closed at $120.9, down 0.7%TENCENT (00700.HK) closed at $427.2, up 0.5%MEITUAN (03690.HK......
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29.05.26 - 06:15
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Midday Takeaway: HSI Up 275 pts; HSTI Up 81 pts; MEITUAN Up over 3%; LENOVO GROUP, LEGENDHOLDING, HUANENG POWER, CHINA POWER, KINGBOARD HLDG Hit New Highs (AAStocks)
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At midday close, HSI rose 275 pts or 1.1% to 25,281. HSTI rose 81 pts or 1.7% to 4,969. HSCEI gained 106 pts or 1.3% to 8,471.Active Heavyweights:MEITUAN (03690.HK) closed at $75.5, up 3%TENCENT (00700.HK) closed at $436.2, up 2.6%XIAOMI (01810.HK) closed at $28.04, down 1.8%BABA (09988.HK) closed at $123.7, up 1.6%HSI & HSCEI C......
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28.05.26 - 10:15
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Full-day Takeaway: HSI Down 322 pts; HSTI Down 18 pts; MEITUAN Down over 5%; DONGYUE GROUP, HUA HONG SEMI, LEGENDHOLDING, KINGBOARD HLDG Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI dropped 322 pts or 1.3% to 25,006. HSTI dropped 18 pts or 0.4% to 4,888. HSCEI fell 98 pts or 1.2% to 8,364. Market turnover reached $356.34 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $73.3, down 5.7%TENCENT (00700.HK) closed at $425, down 2.2%BABA (09988.HK) closed at $121.8, down 2%HKEX (00388.HK) c......
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28.05.26 - 06:30
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M Stanley: MEITUAN-W Profitability Roadmap Clear, Rating Overweight (AAStocks)
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Morgan Stanley published a research report forecasting that MEITUAN-W (03690.HK)'s Core Local Commerce (CLC) segment will record an operating loss of RMB4.3 billion in 1Q26 and is expected to achieve breakeven in 2Q26. Among which, the instant delivery business is estimated to post an operating loss of RMB8.4 billion in 1Q26, na......
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28.05.26 - 06:30
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Midday Takeaway: HSI Down 587 pts; HSTI Down 73 pts; MEITUAN Down over 6%; BABA Down over 3%; HUA HONG SEMI, LEGENDHOLDING, MININGLAMP-W Hit New Highs (AAStocks)
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At midday close, HSI dropped 587 pts or 2.3% to 24,740. HSTI dropped 73 pts or 1.5% to 4,833. HSCEI fell 187 pts or 2.2% to 8,275.Active Heavyweights:MEITUAN (03690.HK) closed at $72.5, down 6.7%BABA (09988.HK) closed at $120.4, down 3.1%TENCENT (00700.HK) closed at $421.6, down 2.9%XIAOMI (01810.HK) closed at $27.58, down 2.9%P......
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