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Meituan (3690)

Hong Kong
Currency in HKD
Disclaimer
96.80
+5.70(+6.26%)
Closed

3690 Comments

bad earnings expected? 🤔
No... rebalancing portfolio at end of the month by fund managers... one of my favorite stocks.. i just took profit last Friday and bought a bunch more today
BEIJING, Nov 30 (Reuters) - Chinese food delivery giant Meituan on Monday reported third-quarter revenue that beat market forecasts, driven by a recovery in on-demand services after the end of restrictions on businesses and movement imposed to curb the spread of COVID-19. Meituan, whose services include restaurant reviews and bike sharing, said revenue rose 28.8% in July-September versus the same period a year prior to 35.40 billion yuan ($5.38 billion). That compared with the 33.88 billion yuan average of 15 analyst estimates, showed IBES data from Refinitiv. ($1 = 6.5864 Chinese yuan renminbi) (Reporting by Yingzhi Yang in Beijing and Brenda Goh in Shanghai; Editing by Christopher Cushing and Louise Heavens)
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