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08.06.26 - 06:30
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Midday Takeaway: HSI Down 293 pts; HSTI Down 117 pts; MEITUAN Down over 4%; BANK OF CHINA, KINGBOARD HLDG, 51WORLD Hit New Highs (AAStocks)
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At midday close, HSI dropped 293 pts or 1.2% to 24,668. HSTI dropped 117 pts or 2.4% to 4,771. HSCEI fell 85 pts or 1.0% to 8,351.Active Heavyweights:MEITUAN (03690.HK) closed at $76.1, down 4.8%BABA (09988.HK) closed at $118.8, down 2.9%HKEX (00388.HK) closed at $386.8, down 2.4%TENCENT (00700.HK) closed at $449.6, down 0.8%XIA......
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04.06.26 - 06:15
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Midday Takeaway: HSI Down 357 pts; HSTI Down 72 pts; CMOC Down over 5% (AAStocks)
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At midday close, HSI dropped 357 pts or 1.4% to 25,276. HSTI dropped 72 pts or 1.4% to 4,984. HSCEI fell 90 pts or 1.0% to 8,506.Active Heavyweights:BABA (09988.HK) closed at $123.5, down 2.4%MEITUAN (03690.HK) closed at $78.55, down 2.3%TENCENT (00700.HK) closed at $457.4, down 1.9%XIAOMI (01810.HK) closed at $28.36, down 0.8%H......
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02.06.26 - 15:00
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US$1b windfall: how Meituan′s bets on AI, robotics outshine quarterly loss (SCMP)
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Meituan is set to reap a sizeable financial windfall from its investments in frontier tech – including in fast-rising artificial intelligence company Zhipu AI – offering the Chinese food-delivery giant a timely boost after consecutive loss-making quarters.
On Monday, Meituan posted an adjusted net loss of 4.97 billion yuan (US$735 million) for the three months ended March 31, marking its third consecutive losing quarter. At the same time, the company disclosed that its investments in firms like......
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02.06.26 - 12:30
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HKD2.1B Southbound Trading Net Outflow from TENCENT (AAStocks)
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There was HKD950.8 million, HKD344.4 million and HKD32 million Southbound Trading net inflow to SMIC (00981.HK), AKESO (09926.HK) and BABA-W (09988.HK).There was HKD2.1 billion, HKD916.6 million and HKD716.4 million Southbound Trading net outflow from TENCENT (00700.HK), XIAOMI-W (01810.HK) and MEITUAN-W (03690.HK).For Southboun......
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02.06.26 - 10:30
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Research: BOCI Upgrades MEITUAN-W to Buy, Raises TP to HKD110 (AAStocks)
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BOCI published a report stating that MEITUAN-W (03690.HK) delivered an impressive narrowing of losses in its Core Local Commerce (CLC) segment in 1Q26. During the period, total revenue increased 6% YoY to RMB91 billion, in line with market expectations. Benefiting from better-than-expected improvement in food delivery unit econo......
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02.06.26 - 07:00
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Summary of Latest Broker Ratings, TPs and Views on MEITUAN-W (AAStocks)
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AASTOCKS Financial News has compiled the latest investment ratings, target prices and views on MEITUAN-W (03690.HK) from nine brokers as follows:Broker Rating TP Core ViewsCICC Outperform HKD125 Expects food delivery unit economics to turn profitable in 2Q26, while pressure on the in-store, hotel and travel business remain......
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02.06.26 - 06:45
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H Shrs: HSI Ends Up 370 pts Midday; TENCENT/ MEITUAN-W Surge 7%+ (AAStocks)
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The HSI opened down 3 pts today (2nd) before reverting up. At midday, it closed at 25,768, up 370 pts or 1.46%, with half-day turnover reaching HKD200.09 billion. The HSTECH closed at 5,137, up 172 pts or 3.48%, while the HSCEI closed at 8,676, up 169 pts or 1.99%.Leading techs skyrocketed. TENCENT (00700.HK) closed at HKD469.8 ......
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