Ps India Port

Meituan

Conference Minutes

03690

SHEN

HMTD

83690

MPNGY

09988

89988

BABA

KBAB

BABO

BABX

01810

81810

XIACY

HBBD

HXXD

The following are the Minutes of the FY25 Q3 earnings call for $MEITUAN(03690.HK) organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Meituan: A Loss of Nearly 20 Billion! Did Alibaba Really Succeed in Stealing the House This Time?&#34; 1. Review of Core Financial Data Performance Overview: Total Revenue: 95.5 billion yuan (YoY +2%). Profitability: Operating cost rate 73.6% (YoY +12.9pts), mainly due to rider incentives and rising overseas costs; adjusted net loss of 16 billion yuan, affected by irrational industry competition and strategic investments...

MEITUAN

SHENANDOAH TELE

Meituan HK SDR 5to1

Haoxi Health Tech

First Trust Global Wind Energy

MEITUAN-WR

BABA-W

BABA-WR

Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

XIAOMI-W

XIAOMI-WR

Xiaomi Corporation

Alibaba HK SDR 5to1

Xiaomi HK SDR 2to1

Meituan (Minutes): 3Q loss peaks, but 4Q will continue the loss trend

Indian Stock Market Surges Post US-Iran Ceasefire

Indian Government Plans to Make Decisions Within 60 Days to Accelerate Manufacturing Development

India's Q3 GDP Growth Rate Drops to 7.8% Following Data Revision

India to Host AI Impact Summit

OPTIMI HEALTH CORP

HCW Biologics

GCL Global

Silexion Therapeutics

Micware

BiomX

MicroAlgo

Vida Global

MetaVia

Tradr 2X Long XNDU Daily ETF

INDA

India's 10-year bond yield reached 7.13%, the highest since May 2024, while the 5-year yield hit 6.934%, indicating rising borrowing costs. The rupee fell to an all-time low of 96.35 per U.S. dollar, making it one of the worst-performing currencies globally. Contributing factors include high oil prices, elevated U.S. Treasury yields, and tensions in the Middle East, which are increasing inflation risks and straining India's fiscal outlook.

Wtree India Earnings

ISHRS MSCI India

Indian bond yields hit multi-year highs as rupee sinks

INDY

CRAK

India is facing economic challenges due to a spike in energy prices caused by the Iran war, leading to crisis measures from policymakers. The conflict has disrupted global energy supplies, making imports more expensive and deterring foreign investment. Economists have downgraded growth forecasts and raised inflation projections, predicting a current account deficit of 2.5% of GDP for the fiscal year ending March 2027. The rupee has fallen over 5%, and foreign investors have withdrawn more than $20 billion from Indian equities since the war began. Policymakers are urging consumption cuts and have increased tariffs on precious metal imports to stabilize the economy.

- Due to rising energy prices from the Iran conflict, India's macroeconomic outlook has become uncertain, prompting crisis measures to shield the economy.  
- Economists have downgraded growth forecasts and expect a widening current account deficit, with the rupee under pressure as India heavily relies on oil imports.  
- Policymakers are calling for reduced foreign currency consumption and have raised import tariffs on precious metals to stabilize the currency amid substantial capital outflows.

Yahoo Finance

iShares India 50

VanEck Oil Refiners ETF

SPDR O&G Equip

iShares US Oil & Gas Expl & Prod

Pro Ultr Bloomberg Crude Oil

SPDR O&G Ex & Prd

VanEck Oil Services ETF

India races to shield economy from Iran war-driven oil shock, capital stress

MSCI has announced changes to its Global Standard Index, adding four Indian stocks: Federal Bank, Multi Commodity Exchange of India, National Aluminium, and Indian Bank, effective May 29, 2026. Four stocks will be removed: Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers, and Rail Vikas Nigam. India's weight in the index remains stable at 12.3%. Expected passive inflows into the added stocks total $1.38 billion, while the excluded stocks may see outflows of $715 million. The small-cap index also experienced significant deletions, reducing India's small-cap count to 459.

Four Indian stocks added, four excluded from key global index in MSCI's May rejig

NFTY

Indian travel stocks are under pressure following Prime Minister Modi's appeal to avoid unnecessary foreign travel to ease the rupee's pressure and rising import costs. Shares of online travel companies and airlines fell as investors anticipated weaker outbound travel demand during the peak summer season. The appeal may influence consumer behavior, with inquiries for overseas trips already down 10-15%. However, this could boost domestic tourism as travelers redirect spending within India. The industry braces for slower international bookings and higher airfares, while analysts suggest a potential rebound if crude prices stabilize.

Invezz

First Trust India Nifty 50 Equal Weight

Xtrackers Nifty 500 India ETF

Nippon Life Insurance Co.

Yatra Online

Travel stocks under pressure as India signals push to curb overseas travel

GIND

518850

159562

IMVP

Indian gold exchange-traded funds (ETFs) have experienced notable growth, with gains between 5.5% and 6.2%. This trend indicates a strengthening gold market in India, as investors increasingly view gold as a stable investment. The rise in gold ETFs reflects positive investor sentiment and contributes to the overall performance of the precious metals sector in the region.

CoinLive

Goldman Sachs India Equity ETF

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Invesco India ETF

PRECIOUS METALS | Indian Gold ETFs Strengthen with 5.5%-6.2% Gains

India’s BSE Sensex fell 1.3% to 76,306, marking its lowest level since April 7, amid rising geopolitical tensions between the US and Iran, which drove crude oil prices higher. The financial sector faced pressure, with major banks like HDFC and ICICI Bank declining. Jewellery and travel stocks also dropped after PM Modi advised citizens to limit travel and gold purchases due to the Iran conflict. Conversely, Tata Consumer Products shares rose 6.3% on strong revenue growth forecasts and better-than-expected profits.

Trading Economics

ICICI Bank

HDFC Bank

Sensex Trades Near 5-Week Low

NDIA

SMIN

State Bank of India (SBI) reported a Q4 gross NPA of 1.49%, down from 1.57% in Q3, with a net NPA of 0.39%. Provisions decreased, and the capital adequacy ratio is above 15%. SBI can support approximately ₹12 trillion in credit growth without new equity. However, treasury income fell significantly to ₹12.59 billion from ₹89.91 billion year-on-year, impacting overall income. SBI plans to enhance corporate lending in infrastructure, renewable energy, and thermal power, and will partially sell its NSE stake through an upcoming IPO.

TradingView

Global X India Active ETF

ISHRS MSCI India S-Cap

Key facts: SBI: GNPA 1.49% net 0.39%; treasury ₹12.59bn; corporate push

1678

Indian shares declined on Friday due to renewed U.S.-Iran hostilities, which led to rising oil prices and diminished hopes for a quick resolution. This development trimmed the weekly gains that had been supported by earlier peace optimism and positive corporate earnings. The Nifty 50 index fell by 0.62% to 24,176.15.

Nomura Holdings, Inc.

Renewed Mideast hostilities drag Indian shares to trim weekly gain

Kotak Institutional Equities highlights geopolitical risks impacting India's macroeconomic outlook, particularly due to the unresolved West Asian conflict and potential weak monsoon effects. While Q4 earnings for FY26 have largely met expectations, the brokerage warns of rising valuations in certain sectors. The market is expected to focus on earnings momentum and macroeconomic trends following recent state elections, with a relatively election-free period ahead allowing the government to address economic challenges. Overall, Indian corporate earnings may withstand geopolitical tensions better than the broader economy.

Money Control

Kotak Equities flags geopolitical risks even as Q4 earnings hold steady

On the first anniversary of Operation Sindoor, India's defence stocks have seen returns of up to 37%, adding Rs 2.9 lakh crore in market capitalisation. The Nifty India Defence index recorded a 34.07% return. Key drivers include a record defence budget, emergency procurement, and indigenisation efforts. Major stocks like Cochin Shipyard and HAL saw significant gains. The FY27 budget allocated Rs 7.85 lakh crore for defence, the highest ever, enhancing military capabilities. MTAR Technologies stood out with a 337.76% return since Operation Sindoor.

Up to 37% returns, Rs 2.9 lakh cr m-cap added: How India's defence stocks performed in one year since Operation Sindoor

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