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SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

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SHENYANG PUBLIC

XUNCE

MPNGY

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Morgan Stanley has reaffirmed its Buy rating on Meituan (MPNGF), setting a price target of HK$120.00, while the stock closed at HK$86.70. The analyst consensus for Meituan is a Strong Buy, with an average price target of HK$119.34, indicating a potential upside of 37.65%. Additionally, Citi has also maintained a Buy rating with a price target of HK$110.00.

- Morgan Stanley reported a Buy rating on Meituan with a price target of HK$120.00, while shares closed at HK$86.70.  
- The analyst consensus is a Strong Buy for Meituan, with an average price target of HK$119.34, indicating a potential 37.65% upside.  
- Additionally, Citi also maintained a Buy rating, setting a price target of HK$110.00.

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Morgan Stanley Keeps Their Buy Rating on Meituan (MPNGF)

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0327 | Dolphin Research Focus: 🐬 Macro/Industry. Trump said on Thu, Mar 26 on social media that, at Iran's request, planned strikes on Iran's energy facilities would be pushed back 10 days to 8pm ET on Apr 6.He had earlier moved the 48-hour ultimatum issued on Mar 21 out by five days to Mar 27. Iran denied making a direct request, saying there had only been indirect information exchanges, per today's headlines.Given the current setup, a substantive agreement before Apr 6 looks unlikely. Even after the extension, military escalation could still resume, and the geopolitical risk premium has not fully cleared...

U Surges on Strong Results; META Doubles Down on AI Race | Daily News Recap

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On March 27th, Hong Kong stocks closed with all three major indices rising collectively, with the Hang Seng Index up 0.38% and the National Enterprises Index up 0.76%, showing better performance. The market continued its rebound trend but remained under pressure from previous high resistance levels. In terms of sectors, internet giants showed weak performance, while individual stocks in the catering, gold, and pharmaceutical sectors were active, with Baset Pharmaceutical-B soaring over 20%. Weak macroeconomic data kept market sentiment cautious, and risk appetite was somewhat limited

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TENCENT

CSTONE PHARMA-B

LINGBAO GOLD

MENGNIU DAIRY

ZIJIN GOLD INTL

SINO BIOPHARM

Hong Kong stock market closing | Hang Seng Index rose 0.38% but failed to break the high, BYD surged 3.7%

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The Hang Seng Index closed at 24,951 points, up 95 points or 0.4%. The Hang Seng Tech Index reported 4,778 points, up 16 points or 0.3%. The total market turnover was HKD 263.081 billion. Among the actively traded heavyweights, Ping An rose by 2%, Xiaomi rose by 1.7%, and Meituan fell by 0.9%. CSPC Pharma rose over 13%, XUNCE hit a new high, and trading was active

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Hang Seng Index

HUISHANG BANK

Ganfeng Lithium

CSPC PHARMA

According to the "All-Day Express," the Hang Seng Index closed at 24,951 points, up 95 points; the Hang Seng Tech Index closed at 4,778 points, up 16 points. CSPC Pharma rose over 13%, XUNCE, Ganfeng Lithium, Weisheng Holdings, Qingsong Health, and HUISHANG BANK reached new highs with active trading

CICC maintains Meituan's rating as "outperforming the industry," expecting this year's losses to narrow to 8.5 billion yuan, an improvement from the previous forecast of 9.7 billion yuan. In the fourth quarter of last year, Meituan's revenue increased by 4% year-on-year to 92.1 billion yuan, with an adjusted net loss of 15.1 billion yuan. Considering the easing competition and the company's operational efficiency, CICC has lowered its 2027 profit forecast by 8.2% to 27.5 billion yuan, setting a target price of HKD 125, corresponding to an adjusted price-to-earnings ratio of 24.6 times

In "Major Banks," China International Capital Corporation maintains a "Outperform" rating for Meituan, expecting competition to ease and losses to narrow this year

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On March 27th, during the Hong Kong stock market, the three major indices collectively strengthened, with the Hang Seng China Enterprises Index leading with a rise of 1.14%. The catering and retail sectors performed impressively due to a rebound in consumption, with leading stocks such as Ganfeng Lithium and BYD significantly surging. Although the market is under pressure from previous highs, new economy leaders are actively traded, and investors are closely watching the upcoming macroeconomic indicators and the impact of exchange rate fluctuations

- As of March 27, Hong Kong's stock indices rose collectively, with the Hang Seng Index at 25,029.27, up 0.70%.  
- The restaurant sector experienced overall gains driven by a recovery in consumer spending, particularly with Haidilao rising 6.11%.  
- Key economic indicators such as exports and retail sales are under close observation to assess recovery strength, impacted by external factors and local policy adjustments.

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Hong Kong stocks intraday | Three major indices rose collectively, Ganfeng Lithium up 8.31%, the catering retail sector strong

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The short selling amount in the Hong Kong stock market reached HKD 25.02 billion in the first half of the day, accounting for 22.2% of the total shortable stock turnover of HKD 112.88 billion. The previous day was 21.6%. The main shorted stocks include: HSCEI ETF short ratio 50.4%, short amount HKD 4.89 billion; TRACKER FUND short ratio 27.2%, short amount HKD 1.88 billion; MEITUAN-W short ratio 29%, short amount HKD 1.8 billion; POP MART short ratio 22.5%, short amount HKD 0.85 billion; TENCENT short ratio 13.6%, short amount HKD 0.8 billion

HSCEI ETF

TRACKER FUND

The short selling in the Hong Kong stock market for half a day reached HKD 25.02 billion, accounting for 22.2% of the total turnover of shortable stocks

Meituan announced last year's performance, with a loss of 23.355 billion yuan, and expects to profit 35.807 billion yuan in 2024. The stock price opened down 0.6% in the morning but later rebounded 1.7% to 88.15 yuan. Goldman Sachs maintained a "Buy" rating on Meituan, with a target price of 112 yuan, believing that the losses in the takeaway business will narrow, and the core local e-commerce losses may be halved, indicating a recovery trend. The company's revenue grew by 8% year-on-year, and core local business revenue increased by 4%

The article "After the Performance" summarizes the latest ratings, target prices, and opinions from major institutions following Meituan's earnings announcement

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As of noon, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index approaching the 24,993-point mark and the Hang Seng Tech Index returning above 4,811 points. Market sentiment is relatively stable, with heavyweight and tech stocks resonating upward. In terms of sectors, the restaurant and retail industries performed strongly, with Haidilao leading the midday gains at 6.47%, and core assets such as Meituan and BYD leading in trading volume. Investors are closely monitoring macroeconomic data and performance guidance from core sectors, with overall market trading remaining active

- As of March 27, 2026, Hong Kong’s stock market indices showed positive movement, with the Hang Seng Index at 24,993.64, up 0.55%.  
- Notable performances included Haidilao, which rose 6.47%, reflecting recovering demand in the restaurant sector, while macroeconomic indicators are drawing investor focus.  
- The trading volume highlighted major players, including Meituan and Tencent, with respective figures of 62.41 billion HKD and 59.09 billion HKD amid mixed sector performance.

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BEONE MEDICINES

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Hong Kong Stock Midday Review | Hang Seng Index Approaches 25,000 Points, Strong Performance in Dining Retail with Haidilao Up 6.47%

Nomura maintains a "Neutral" rating on Meituan, expecting a narrowing of losses in the first quarter, but the visibility for the full year remains unclear. The report pointed out that Meituan's performance in the fourth quarter of last year was weak, with core local e-commerce revenue declining by 1% year-on-year, and an operating loss of 10 billion RMB. Management expects core local business revenue to be flat or slightly down in the first quarter, with losses narrowing by more than half quarter-on-quarter. The takeaway business strategy is shifting towards high-quality growth, with a target price maintained at HKD 107, corresponding to a 14.5 times price-to-earnings ratio for the fiscal year 2027

Nomura maintains Meituan's rating at "Neutral," expects first-quarter losses to narrow, but full-year visibility remains unclear

Bank of America Securities released a report stating that Meituan's performance in the fourth quarter of last year met expectations, with total revenue increasing by 4.1% year-on-year. Core local business revenue decreased by 1.1% year-on-year, with the decline narrowing. It is estimated that Meituan's loss from on-demand delivery orders in that quarter was RMB 14 billion, with the loss per order improving to between RMB 1.8 and RMB 1.9. Management expects the core local business loss in the first quarter to narrow to at least RMB 5 billion, maintaining a target price of HKD 106 and a rating of "Neutral."

"Big Banks" Bank of America Securities: Meituan's quarterly results meet expectations, expected to narrow CLC losses in the first quarter

Goldman Sachs report indicates that Meituan's performance in the fourth quarter of 2025 meets expectations, with the unit economics of its delivery service outperforming peers, and GTV market share maintaining at 60%. It is expected that losses will narrow in the first quarter of 2026, with core local business losses likely to be halved. The adjusted net loss for the fourth quarter of 2025 is RMB 15 billion, slightly higher than expected. Goldman Sachs maintains a "Buy" rating on Meituan, with a target price of HKD 112, confident in Meituan's leadership position in the local services market

Goldman Sachs: Confident that Meituan will maintain its leadership position in the local services sector, maintaining a target price of 112 yuan

Morgan Stanley released a report stating that Meituan's new business losses narrowed in the first quarter, with takeout and overseas business performance exceeding expectations. It is expected that core local business revenue will remain flat, with operating losses decreasing from RMB 10 billion to RMB 4.3 billion, and new business losses decreasing from RMB 4.7 billion to RMB 2.7 billion. The loss in takeout unit economics has reduced to RMB 1.3 per order. The target price is set at HKD 120, maintaining an "Overweight" rating

Morgan Stanley expects Meituan's new business losses to narrow in the first quarter, with a target price of 120 yuan, continuing to recommend "overweight."

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Citi raised the target price for Meituan to 110 yuan, upgrading the rating to "Buy/High Risk." Despite intense competition, Meituan's unit economics for its food delivery business improved in the fourth quarter of last year, and further enhancements are expected in the first quarter of this year. Citi predicts that Meituan's core local e-commerce will return to profitability in the third quarter, with losses potentially narrowing earlier in the second quarter

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Citi raises Meituan's target price to 110 yuan, rating upgraded to "Buy/High Risk"

The boat for long term investing of S-REITs have came back to port again. Buying at this level has little downside and would offer a larger margin of safety when mean reversion occurs.

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☕️ Daily Market Talk | Mar 27, 2026

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S-Reit can drop further if the Iran war does not settle. Long War, higher oil prices, higher inflation, RATE HIKE!!! Real Estate will suffer!

S reits are being punished for nothing. It is face equity like volatility and drawdown even though real estate is stable. Interest rate did not even move. I would say buy the dip!

Meituan is facing very strong competition, it is hard to the company to keep burning cash. I would stay wary of this.

The longer Trump or Iran delays any resolution, the longer the impact of the war will creep through the economy. Even with a ceasefire, it may be too late. 10 days is too long...

Under the food delivery war that Meituan has been engaged in since Q2, the biggest impact has been on local commerce. Full-year sales and marketing expenses increased by over 80% year-on-year, with subsidies basically consuming all gross profit. Combined with losses from other business lines, the effects are piling up.In the long term, AI may not necessarily help this labor-intensive company. In the short term, we can probably only hope for the food delivery war to stop quickly.

Another delay tactic or real peace talks? I believe the key is with the bond market. A big chunk of US debt is due this year and that needs to be refinanced. And that debt which was attained at record low rates will have to be priced at current rates. And those rates are going up and forcing the president’s hands. Similar to how he had to TACO last year April for similar reasons (obviously not stated on mainstream media), seems like the same this time. A middle ground needs to be reached ASAP and that is being reflected in the decisions made. If a peace accord is agreed, that will be the narrative the media will say lead to a market rally. However, when you look at technicals, there are complete 5 waves patterns all round and a bounce is already imminent! Stay safe!

dip or falling knife? hope taco more so market uturn back to green soon

Bond yields have increased due to rising inflation expectations, among other factors. Oil prices may remain elevated. Interest rates may stay higher for longer with fewer rate cuts. IMO can wait a while before buying S-REITs .

UB#MTUANRP2812G(68627.HK)

UB#MTUANRP2812G Stock Performance Chart

Morgan Stanley Keeps Their Buy Rating on Meituan (MPNGF)

U Surges on Strong Results; META Doubles Down on AI Race | Daily News Recap

Hong Kong stock market closing | Hang Seng Index rose 0.38% but failed to break the high, BYD surged 3.7%

According to the "All-Day Express," the Hang Seng Index closed at 24,951 points, up 95 points; the Hang Seng Tech Index closed at 4,778 points, up 16 points. CSPC Pharma rose over 13%, XUNCE, Ganfeng Lithium, Weisheng Holdings, Qingsong Health, and HUISHANG BANK reached new highs with active trading

In "Major Banks," China International Capital Corporation maintains a "Outperform" rating for Meituan, expecting competition to ease and losses to narrow this year