BPMTUAN@EP2606A

Citi Releases Research Report, Cutting Meituan's Target Price to HKD 94

Zhitong Finance releases Southbound Stock Connect capital flow statistics for February 24.

Meituan Releases 2026 Spring Festival Consumption Data, "Must-Eat List" Searches Up 60%

Hong Kong Financial Secretary to deliver the 2026-27 Budget

Integration of Dingdong Maicai's China business and market share shifts become key focus.

Market continues to monitor regulatory rectification regarding 'involution-style' competition.

New 10% US global tariff set to take effect on Tuesday, posing market risks.

Market focus shifts to Meituan's momentum in upcoming HK session and Spring Festival data impact.

Meituan ADRs expected to open higher, tracking HK stock rally and narrowing price disparity.

Southbound Stock Connect capital flow data to be released, market eyes mainland fund flows.

Analyst issues '2026 High Conviction Update', seeing Meituan returning to profit in FY26.

Meituan shares surge ~7% at HK close, leading Hang Seng Tech Index rally.

Meituan releases 2026 Spring Festival Consumption Report, family travel bookings surge 76%

Meituan Travel reports Yiwu as the top county for tourism popularity during Spring Festival.

Meituan shares rally approx. 3.5% in early Hong Kong trading

Meituan shares surge over 5% as US Supreme Court strikes down emergency tariffs

Hong Kong Tech Stocks Rally Across the Board; Meituan Shares Surge Over 5%

Peer Trip.com releases earnings, potentially impacting sentiment for Meituan's travel segment.

Southbound Stock Connect trading remains suspended today due to Lunar New Year holidays.

Zhitong Finance releases latest Stock Connect shareholding analysis for Meituan

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

03690

MPNGY

The "2026 Spring Festival Consumption Insight Report" released by Meituan shows that during the Spring Festival holiday, the average person visits 2.2 cities. Popular travel destinations include ten cities such as Beijing, Shanghai, and Chengdu, while Yiwu, Heshan, and Zhangjiagang rank among the top three in county-level tourism popularity

Wallstreetcn

MEITUAN

Meituan

Meituan Travel: During the Spring Festival holiday, the average person checked in at 2.2 cities, with Yiwu ranking first in the county-level tourism heat list

00700

02828

03033

02800

The short selling amount in the Hong Kong stock market reached HKD 17.26 billion in the first half of the day, accounting for 21.6% of the total shortable stock trading volume of HKD 79.72 billion. The previous day was 29%. Major shorted stocks include: TRACKER FUND with a short selling ratio of 25.8% and a short selling amount of HKD 1.64 billion; CSOP HS TECH with a short selling ratio of 40.8% and a short selling amount of HKD 1.45 billion; MEITUAN-W with a short selling ratio of 37.6% and a short selling amount of HKD 1.35 billion; HSCEI ETF with a short selling ratio of 18.2% and a short selling amount of HKD 820 million; TENCENT with a short selling ratio of 11.4% and a short selling amount of HKD 780 million

AASTOCKS

TENCENT

HSCEI ETF

CSOP HS TECH

TRACKER FUND

The short selling in Hong Kong stocks for half a day was HKD 17.26 billion, accounting for 21.6% of the total turnover of shortable shares

82824

09988

02840

00HSI

09824

02824

The Hang Seng Index opened 385 points higher this morning, reaching a maximum increase of 743 points to 27,156 points. It reported 27,017 points at noon, up 604 points or 2.29%. Technology stocks performed strongly, with Alibaba, Tencent, and MEITUAN all seeing significant gains. Gold-related stocks also rose broadly due to the increase in gold prices. However, some AI-related stocks, such as IM Motors, experienced a sharp decline. Analysts believe that Hong Kong stocks are influenced by tariff policies and are expected to test 27,300 points in the short term, but the future market trend still needs to pay attention to the situation of the mainland's reopening

- The Hang Seng Index opened 385 points higher, reaching a peak of 27,156 before falling to 27,017, up 2.29% by noon.  
- Notable blue-chip stocks like Alibaba and Tencent drove the rise, with Alibaba gaining over 3% and Meituan nearly 7%.  
- Analysts expect a potential rebound in technology stocks due to eased valuation pressure and increasing AI application, though concerns about the impact of global tariff adjustments remain.

Stheadline

EFUND GOLD MI-R

BABA-W

SPDR GOLD TRT

Hang Seng Index

EFUND GOLD MI-U

EFUND GOLD MI ETF

The Hang Seng Index rose more than 600 points in half a day, surpassing the 27,000 mark. ATM contributed to the rising market, while Zhipu fell more than 20%｜Hong Kong stock market opens

512760

512480

NVDA

NVDD

After the U.S. Supreme Court overturned Trump's tariff policy, Trump announced a global 15% tariff increase. The Asia-Pacific stock markets generally rose, with the Taiwan stock market breaking through 34,000 points for the first time, and South Korea's Kospi reaching a historic high. The Hong Kong Hang Seng Index rose back above 27,000 points, up 737 points or 2.8%, led by technology stocks, with MEITUAN rising 7.37%. The market is focused on NVIDIA's upcoming quarterly performance, and chip stocks performed well

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

NVIDIA

Direxion Daily NVDA Bear 1X ETF

Taiwan and South Korea star stocks all hit new highs, Hong Kong stocks rose over 700 points to regain the 27,000 mark, with technology stocks leading the way as MEITUAN surged 7%, while newly listed AI large model stocks quickly retreated

00981

02513

The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%

SMIC

KNOWLEDGE ATLAS

The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%

STECH

09618

BABA

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 385 points to 26,798 points, and the National Index and Hang Seng TECH Index increasing by 131 points and 92 points, respectively. E-commerce stocks such as Alibaba and JD opened higher, while technology stocks Tencent, Meituan, and NetEase also saw gains. AI model stock KNOWLEDGE ATLAS opened down 13.8% due to issues. Export stocks such as Creative Technology and SHENZHOU INTL opened higher, and pharmaceutical stocks WUXI BIO and WUXI APPTEC also rose. Commodity prices increased, leading to a general rise in related resource stocks

Hang Seng TECH Index

SHENZHOU INTL

WUXI BIO

JD-SW

Alibaba

WUXI APPTEC

FI CSOP HSI

FI2CAMNDQ100

FL2 CSOP HSI

China Southern Hang Seng ETF

FI2 CSOP HSI

"Hong Kong Stocks" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced

02899

In terms of sectors, leading technology stocks, semiconductors, non-ferrous metals, and new energy vehicle stocks performed well, with Zijin Mining, Meituan, and SMIC rising over 5%; large model concept stocks retreated, with KNOWLEDGE ATLAS falling nearly 23% and MINIMAX dropping over 13%

- On February 23, the Hang Seng Index and the Hang Seng Tech Index experienced strong fluctuations, with the Hang Seng Index rising 2.53% and the Hang Seng Tech Index increasing 3.34%.  
- Notable performers included Zijin Mining, Meituan, and SMIC, each rising over 5%, while stocks like Zhicheng dropped nearly 23% following prior gains.  
- In the gold sector, China Gold International saw a rise of over 6%, and the significant increase in gold prices has reached over 5,100 USD.

ZIJIN MINING

Zijin Mining

iShares Semiconductor ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

VanEck Semiconductor ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

ICBCCS CNI HK Connect Technology ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SPDR S&P Semicon

Hang Seng TECH surged over 3%, Meituan rose over 5%, while the "dual giants of large models" KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

AWAY

Meituan Travel released data showing that a wave of travel peaked starting from the second day of the Lunar New Year (18th). From the second to the fifth day (18th to 21st), the number of flight bookings increased by 40% year-on-year. At the same time, a number of culturally rich and uniquely experienced small and medium-sized cities are rapidly gaining popularity. Among them, Chongzuo in Guangxi, Jingdezhen in Jiangxi, Kaifeng in Henan, Xuancheng in Anhui, Putian in Fujian, Tangshan in Hebei, Fangchenggang in Guangxi, Shangrao in Jiangxi, Yibin in Sichuan, and Pu'er in Yunnan have become the cities with the highest growth in tourist attention, highlighting the strong demand for in-depth and localized travel experiences

ETFMG Travel Tech ETF

Meituan Travel: The first wave of travel peak arrives on the second day of the Lunar New Year

09987

002594

KBAB

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

YUM CHINA

BIDU-SW

Global X China Consumer

KraneShares 2x Long BABA Daily ETF

BYD COMPANY

NEW ORIENTAL-S

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Tencent

Roundhill China Dragons ETF

Krne Csi China Internet

Global X E-commerce ETF

Tencent Holdings Limited

NASDAQ Golden Dragon China Index

Invesco Golden Dragon China

iShares MSCI China

Baidu

KraneShares 2x Long PDD Daily ETF

Meituan Travel data shows that the first peak of Spring Festival travel begins on the second day of the Lunar New Year. From the second to the fifth day, the number of flight bookings increased by 40% year-on-year, with popular destinations including Beijing, Chengdu, Guangzhou, Chongqing, Shanghai, Shenzhen, Zhengzhou, Xi'an, Hangzhou, and Wuhan

Meituan Travel: The first peak of travel during the Spring Festival is welcomed, with Beijing, Chengdu, Guangzhou, and Chongqing ranking as popular destinations

BABX

Meituan, China's leading online-to-offline services company, anticipates a loss of up to 24.3 billion yuan for 2025, with a fourth-quarter loss of approximately 15.7 billion yuan. This marks an improvement from a 18.6 billion yuan loss in the third quarter. The company faces intense competition in the instant commerce sector from Alibaba and JD.com, prompting significant spending on marketing and promotions. Meituan's stock has halved in value over the past year, reflecting the impact of the ongoing price war and increased operational costs.

benzinga_article

KraneShares 2x Long JD Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Instant Commerce War Takes A Toll On Meituan

82828

The short selling amount in the Hong Kong stock market reached HKD 19.2 billion in the first half of the day, accounting for 28.2% of the total shortable stock turnover of HKD 68.2 billion. This is an increase from 20.3% the previous day. The five stocks with the highest short selling amounts are: HSCEI short selling ratio 47.9%, amount HKD 2.4 billion; TRACKER FUND short selling ratio 43.6%, amount HKD 2.16 billion; Southern HS Tech short selling ratio 55.3%, amount HKD 1.72 billion; Alibaba-W short selling ratio 24.3%, amount HKD 1.08 billion; Meituan-W short selling ratio 36.9%, amount HKD 710 million

HSCEI ETF-R

The short selling in Hong Kong stocks for half a day amounted to HKD 19.2 billion, accounting for 28.2% of the total turnover of shortable stocks

Citigroup's research report indicates that Meituan is expected to incur a core local business operating loss of RMB 6.8 billion to 7 billion in 2025, lower than the market expectation of RMB 7.3 billion. Total revenue in 2026 is expected to grow by 9.1% to RMB 399 billion, but lower than the market expectation of RMB 411 billion. Due to intensified competition from Alibaba and Douyin, Citigroup maintains a "Neutral" rating on Meituan and lowers the target price to HKD 94

Citi lowers the target price for MEITUAN to 94 yuan, last year's core local business operations loss exceeded expectations

Shanghai Shangmi Technology, a mainland commercial Internet of Things solution provider, has passed the listing hearing of the Hong Kong Stock Exchange, with shareholders including Alibaba, Meituan, and Xiaomi. The company is the world's largest Android-based BIoT solution provider, with a market share exceeding 10%. Revenue is expected to be RMB 3.404 billion, RMB 3.071 billion, and RMB 3.456 billion for the years 2022, 2023, and 2024, respectively, with net profits of RMB 160 million, RMB 101 million, and RMB 181 million

The commercial Internet of Things solution company, Sangmi, plans to go public in Hong Kong, with shareholders including Alibaba and Meituan

Just bought my first Hong Kong stock, Meituan, through Stock Connect.I think Wang Xing is a tough guy who won't be knocked down.Finally got to experience Stock Connect.The overall operation was okay.Still figuring it out.Not investment advice!

MEITUAN-WR

Meituan HK SDR 5to1

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

BABA-WR

Amazon

Roblox

LI AUTO-W

Li Auto

DingDong

XPENG-W

XPeng

NIO-SW

NIO Inc. USD OV

NIO Inc

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

---

It is terrible that silver's entire gains are wiped out. Where did the money go to?

Featured

I’m surprised to hear about the threat to $Novo Nordisk AS(NVO.US). I thought their drug would be protected by patents.

Dacai

Amzn down 10% is not a surprise with all other tech companies also falling greatly after announcing more than expected capex for 2026. US traders taking profits before tax season, people panic selling, institutions force selling to drive down the prices are what's causing this dip in the stock market. Eventually, these institutions will also be the ones buying the bottom and driving the rally once more. Investors just sit tight and dca into the stocks they have conviction and wait out.

Grab

NewUser_CkrdqW 

Current rate of return reached top 10% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

A sharp contrast between overvalued US tech stocks that we priced for perection Vs Chinese NIO that is beaten down and with lowered expectations.

LazyCat

Dividend Collector

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Metals &amp; AMZN crash on a wild Friday. A $717M deal and Nio's profit surprise inside. Share your view &amp; earn Task Coins!

Hims & Hers Health

ETFS Capital Ltd.

ING Groep

Spotify

Hasbro

Guess

SPDR Gold Shares

iShares Silver Tr

Pro Ultr Silver

GLD SG

Qualcomm

Novo Nordisk AS

Eli Lilly

🔥 Market Snapshot:  Metals Crash, AMZN Plunge & $717M Deal | Feb 6, 2026

BPMTUAN@EP2606A(24010.HK)

Meituan Travel: During the Spring Festival holiday, the average person checked in at 2.2 cities, with Yiwu ranking first in the county-level tourism heat list

The short selling in Hong Kong stocks for half a day was HKD 17.26 billion, accounting for 21.6% of the total turnover of shortable shares

The Hang Seng Index rose more than 600 points in half a day, surpassing the 27,000 mark. ATM contributed to the rising market, while Zhipu fell more than 20%｜Hong Kong stock market opens

Taiwan and South Korea star stocks all hit new highs, Hong Kong stocks rose over 700 points to regain the 27,000 mark, with technology stocks leading the way as MEITUAN surged 7%, while newly listed AI large model stocks quickly retreated

The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%