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...
ladies and gentlemen , i recommend you to take this position comfortably
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...
looks like it will hit 300 then will back to 255 again soon...
3690 meituan, resistant strong at 300 and support strong at 258 , so slightly will fluctuate and sideway around this two level lets see
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...
i think is going up to 257-262 is a good entry to long it
1) Supported at 182 2) MA overall on upthrend 3) STOC oversold
- inverted HSH formation - LONG on breakout of neckline @ 321
Head and shoulder breakout. Any retracement will be an opportunity to go long, expect to take a profit of around 405 HKD.
The food delivery giant Meituan recently released its earnings report for the first quarter of 2021,including details on various user acquisition tactics and plans for future development. In tech-savvy China, fundamental industries – food, health and education – have been rapidly evolving in the direction of online-based business models. The food delivery giant...
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...