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    3690   KYG596691041


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hong Kong shares gain on Meituan, AIA boost

11/24/2021 | 03:48am EST

Nov 24 (Reuters) - Hong Kong shares finished up on Wednesday as Meituan and AIA jumped. The food delivery giant Meituan rebounded after falling for five straight sessions ahead of its earnings on Friday.

The Hang Seng index rose 0.1%, to 24,685.50, while the China Enterprises Index lost 0.4%, to 8,794.82 points.

** Meituan jumped 3% after dropping more than 10% in previous five sessions on concerns over its earnings results, making it the biggest percentage gainer on the Hang Seng Index .

** "We are positive on Meituan’s outlook as most of the negatives from policy and weather/COVID fronts are likely to be behind us," said TH Data Capital in a note.

** Insurance firm AIA Group rose 2.6%, the index heavyweight dragged the Hang Seng Index down more than 50 points.

** The Hang Seng Tech Index declined 0.5% on lingering worries over the sector's poor earnings and the regulatory uncertainty.

** Xiaomi Corp led the drop in tech firms, slumping nearly 7% after it reported a smaller-than-expected 8.2% rise in third-quarter revenue as smartphone sales growth stalled amid intensifying competition from rivals.

** Alibaba Group extended losses on lingering worries over its disappointing revenue and outlook, down 0.9% to HK$131.8, a record low in the Hong Kong market. (Reporting by the Shanghai Newsroom, Editing by Louise Heavens)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 0.11% 88.8 End-of-day quote.12.98%
MEITUAN 0.00% 238 End-of-day quote.5.59%
XIAOMI CORPORATION 0.11% 18.92 End-of-day quote.0.11%
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Analyst Recommendations on MEITUAN
More recommendations
Sales 2021 180 B 28 369 M 28 369 M
Net income 2021 -23 685 M -3 737 M -3 737 M
Net cash 2021 64 718 M 10 210 M 10 210 M
P/E ratio 2021 -62,8x
Yield 2021 -
Capitalization 1 460 B 188 B 230 B
EV / Sales 2021 7,76x
EV / Sales 2022 5,72x
Nbr of Employees 69 205
Free-Float -
Duration : Period :
Meituan Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MEITUAN
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 39
Last Close Price 238,00 CNY
Average target price 251,18 CNY
Spread / Average Target 5,54%
EPS Revisions
Managers and Directors
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
Gordon Robert Halyburton Orr Independent Non-Executive Director
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