News for Meituan (3690.HK)

Asian equities delivered a mixed performance overnight as the US dollar strengthened and Thailand underperformed among regional markets.

The U.S. carrier kept its original earnings forecast, provided in January, but issued new figures for a recession scenario.

Investment rationale: Comprehensive service platform in China with diverse offerings.Market positioning: Strong user base and extensive service network.Risks a

Meituan (3690.HK) reported impressive fourth-quarter revenue, beating market expectations. The annual revenue for the company reached an outstanding 337

Asian equities were mixed. Hong Kong and Mainland China saw another day of profit-taking due to a lack of catalysts, though Indonesia also had a rough night. It felt quiet overnight, though maybe traders skipped town early for the big F1 race in Shanghai this weekend.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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By Lee Shih Ta

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

The market is looking to August's PCE print to calibrate whether another jumbo cut is coming.

Meituan stock to gain as in-store performance exceed expectations - Goldman Sachs

Asian equities were largely higher on light volumes except for Mainland China and Hong Kong in advance of Nvidia’s widely anticipated results today. We shouldn’t overthink the price action, as summer volumes are so light that market moves are exacerbated.

Key Takeaways: Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue surged 85% to $3.7 billion, as it tries to expand beyond advertising as its main income source By Hugh Chen

China stocks poised for rebound after natural pullback. Bullish macro factors support uptrend continuation. Explore more details here.

Key Takeaways: DiDi Global’s first-quarter revenue grew 14.9% to 49.1 billion yuan, marking a fifth straight quarter of double-digit growth The ride hailing app has moved past earlier regulatory headwinds, but has lost market share to competition and smaller rivals using aggregating platforms By Hugh Chen

Meituan's (MPNGF) revenue and normalized net income rose by +25% and +36% YoY, respectively in Q1, which exceeded expectations. See why I rate the stock a hold.

Earnings call: Meituan outlines robust Q1 growth with revenue up 75%

Earnings preview of key companies reporting this week and what to look out for.