Avantis Emerging Markets Small Cap Equity ETF(AVEE.US)

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Avantis Emerging Markets Small Cap Equity ETF
AVEE.US
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Why We're Not Concerned About Meitu, Inc.'s (HKG:1357) Share Price

Meitu, Inc. (HKG:1357) has a high P/E ratio of 32x, compared to many Hong Kong companies with ratios below 12x. Despite concerns, Meitu's strong earnings growth and positive analyst forecasts suggest a robust future, with expected earnings growth of 20% per annum over the next three years. This outlook supports the elevated P/E, as investors remain confident in the company's performance. While using P/E alone for investment decisions isn't advisable, it indicates Meitu's favorable prospects, making a significant share price drop unlikely in the near term.

Simplywall·
HK
01357
-0.11%
Simplywall·
HK
01357
-0.11%

Meitu Completes US$249.6 Million Convertible Bond Issue

Meitu Inc. has successfully completed its convertible bond issue, raising approximately US$249.6 million in net proceeds for general business purposes. This follows the initial announcement made on May 20, 2025, confirming the transaction's closure. The information was published via the Issuer Information Service of the Hong Kong Stock Exchange.

Reuters·
HK
01357
-0.11%
Reuters·
HK
01357
-0.11%

Hong Kong stocks closed | The Hang Seng Index rose 1.75%, with the technology hardware and internet content sectors leading the gains. JOINN and CYBERNAUT INT'L rose over 20%

Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index surged 1.75%, boosting overall market sentiment. Funds focused on technology, hardware, and internet content sectors, with industry leaders performing exceptionally well. Retail data showed signs of recovery, stimulating a moderate rebound in the consumer sector, which attracted significant capital in both consumer and technology directions. Popular stocks such as JOINN and CYBERNAUT INT'L saw substantial gains, driving up market enthusiasm

LB Select·
HK
01357
-0.11%
LB Select·
HK
01357
-0.11%

Deals of the day.-Mergers and acquisitions

Several mergers and acquisitions were reported: Anta Sports and Li Ning are considering a takeover of Puma; Deutsche Boerse is in talks to acquire Allfunds; Piraeus Bank completed its acquisition of Ethniki Holdings for 600 million euros; UniCredit bought a stake in Generali; Naver Financial agreed to acquire Dunamu in a deal valued at 15.13 trillion won.

Reuters·
HK
02331
+4.35%
HK
02020
+0.37%
Reuters·
HK
02331
+4.35%
HK
02020
+0.37%

Beaten-down Puma shares are soaring. The sportswear maker may have a suitor.

Puma shares surged 22% amid speculation of a takeover by Chinese suitors, including Anta Sports and possibly Li Ning and Asics Corp. Despite a 60% drop this year, interest in Puma is high due to its vulnerable share price. Anta may partner with private equity for a bid. Puma's market cap is EUR2.29 billion, and it is undergoing a revamp under CEO Arthur Hoeld. The company faces challenges like weak demand, trade tariff uncertainty, and declining sales, prompting job cuts and reduced discounting.

Dow Jones·
HK
02020
+0.37%
HK
02331
+4.35%
Dow Jones·
HK
02020
+0.37%
HK
02331
+4.35%
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