Read this IPO news here
This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here
How big is the food delivery market globally? See here
In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business....
Meituan's price is still trading at the lower end of the magenta Target Zone between HK$96.90 and HK$64. Our primary assumption remains that the stock is already working on the wave 1 rises in turquoise - and that it should soon leave the resistance at HK$103.50 well behind it. However, we must continue to weight the option with a 35% probability that the stock...
Read these news here :
www.reuters.com
I am not aggressively buying at this moment although the revenue has improved over last year. I will wait for the breakout from the bearish channel before deciding and takes time to do more research.
As Meituan started as a food delivery platform and dominate the largest market share in China, it has also branch out into...
If this last line of defence is also taken out by this week, then we can see the price possibly heading further south towards 120 level (though I think is quite unlikely).
From its peak at 453.70, we have witnessed how this stock tumbled down almost 60% to its current price of 194.
Please do not ask me should you sell or buy as I do not know your objectives nor...
Last week there was the false correction with all Asian stock taking false jumps.. Most are working their way back down.
With earnings being released next week the downward trend on the 1hr chart will be evident.
Price target for MPNGF Meituan is $27.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Looking at the chart, we can see multiple support at 24.97 level and so far the price action has shown it is moving up steadily. I would be accumulating more at this stage, in tranches as US is slapped with inflation risks, rates hikes and the political uncertainty of Russia/Ukraine.
Meituan has been our 2nd largest position since 2020.
Once we cashed out this stock out during late 2020 at 280~290HKD and then jump into US tech stock 100% at the end of 2020.
We had an opportunity to buy this company again at lower price on Tech Crackdown & Common Prosperity policy.
At first effect from bad news , stock fell sharply from 300HKD -> 190HKD...
The platform earned CNY 43.80 billion in Q2 2021 while reducing its monthly operating loss to CNY 3.25 billion. According to survey data, 60% of full-time riders have a monthly income of more than CNY 5,000.
- On August 30, 2021, Meituan, the Chinese life service e-commerce platform, released its Q2 financial report. The report shows that the company earned a...
Read latest news here
In China, it is not the company that rakes in the top revenue that call the shots! It is the CPC or Chinese government , haha!
We have seen the fate of Alibaba with its shares still heading south and a few other companies will follow suit as well.
So while the shares have fallen from a peak of 60 to current price (50% discount), I...
This is an analysis for a client.
Price is holding below descending trendline resistance.
RSI is also reacting below resistance.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
![3690: Meituan (3690 HK) [1-3 weeks view]](https://s3.tradingview.com/0/0yK0StXU_mid.png "Meituan (3690 HK) [1-3 weeks view]")
