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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Meituan Dianping    3690   KYG596691041

MEITUAN DIANPING

(3690)
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Meituan Dianping Hits Record as Tech Shares Rally in Hong Kong

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06/03/2020 | 12:28am EDT

By Martin Mou

Meituan Dianping shares set a fresh record intraday high Wednesday as Chinese tech stocks rallied in Hong Kong, buoyed by signs that more U.S.-listed Chinese companies are seeking secondary listings closer to home.

Shares of Meituan Dianping touched a high of 160.70 Hong Kong dollars (US$20.73) in morning trade before pulling back to HK$157.70, still up 7.2%. That broke the record set last month after China's largest food-delivery company posted 1Q results above market views.

Chinese e-commerce giant Alibaba Group climbs 4% to HK$208.00 while smartphone maker Xiaomi Corp. is up 2.4% at HK$12.78.

Tech shares are being boosted by hopes that the upcoming Hong Kong listing of online-games company NetEase Inc. means more Chinese companies will seek secondary listings in the city. Analysts say that would increase liquidity in the Hong Kong stock market and improve shares' upsides.

The rally also come after the compiler of Hong Kong's benchmark Hang Seng Index last month changed its rules to allow the inclusion of companies with weighted voting rights and those with secondary listings.

Following the revision, Alibaba, Xiaomi and Meituan Dianping could be admitted into the Hang Seng as early as August, Citic Securities says.

Wednesday's rise will further cement Meituan Dianping, whose market value stands at HK$785.06 billion, as the third-most-valuable Chinese internet company after Alibaba and Tencent Holdings.

 

Write to Martin Mou at martin.mou@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING -1.23% 248.58 Delayed Quote.17.20%
AT HOME GROUP INC. 2.85% 5.77 Delayed Quote.4.91%
CITIC LIMITED -0.26% 7.72 End-of-day quote.-25.91%
CITIC SECURITIES COMPANY LIMITED -1.39% 32.03 End-of-day quote.26.60%
HANG SENG 0.39% 25469.49 Real-time Quote.-10.00%
JUST GROUP PLC -2.04% 50.5 Delayed Quote.-34.75%
LETS HOLDINGS GROUP CO., LTD. -5.25% 11.37 End-of-day quote.88.25%
LINE CORPORATION -0.18% 5550 End-of-day quote.3.74%
LOOK HOLDINGS INCORPORATED -3.31% 702 End-of-day quote.-43.93%
MEITUAN DIANPING -4.32% 197.1 End-of-day quote.93.42%
NETEASE, INC., -0.20% 476.05 Delayed Quote.55.25%
RISE, INC. 0.00% 29 End-of-day quote.-3.33%
SEEK LIMITED -2.45% 21.13 End-of-day quote.-6.30%
TENCENT HOLDINGS LIMITED -2.96% 525 End-of-day quote.39.78%
THE NEW HOME COMPANY INC. -4.24% 3.39 Delayed Quote.-27.25%
WILL GROUP, INC. -0.48% 628 End-of-day quote.-49.84%
XIAOMI CORPORATION -3.64% 16.42 End-of-day quote.52.32%
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Financials
Sales 2020 111 B 15 883 M 15 883 M
Net income 2020 496 M 70,9 M 70,9 M
Net cash 2020 28 781 M 4 113 M 4 113 M
P/E ratio 2020 1 485x
Yield 2020 -
Capitalization 1 047 B 149 B 150 B
EV / Sales 2019
EV / Sales 2020 9,16x
Nbr of Employees 54 580
Free-Float 70,0%
Chart MEITUAN DIANPING
Duration : Period :
Meituan Dianping Technical Analysis Chart | MarketScreener
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Technical analysis trends MEITUAN DIANPING
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 150,18 CNY
Last Close Price 178,16 CNY
Spread / Highest target 21,6%
Spread / Average Target -15,7%
Spread / Lowest Target -54,7%
EPS Revisions
Managers
NameTitle
Xing Wang Chairman & Chief Executive Officer
Shao Hui Chen Chief Financial Officer & Senior Vice President
Heung Yeung Shum Independent Non-Executive Director
Xue Song Leng Independent Non-Executive Director
Nan Peng Shen Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MEITUAN DIANPING93.42%149 462
ALIBABA GROUP HOLDING17.20%680 683
SHOPIFY INC.145.09%115 636
PINDUODUO INC.130.91%105 726
MERCADOLIBRE, INC.70.06%48 814
EBAY INC.63.61%40 966