passion7272 @passion7272: "$03690.HK is up over 6.5%..."

Bangladesh

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$03690.HK (Meituan Class B) is up over 6.5% today and why does this company need your attention? Meituan Dianping is a Chinese technology company that operates as a super-app offering a wide range of services. The company competes with $9988.HK (Alibaba Group Holding Ltd (Hong Kong)) 's Ele.me in food delivery and $TCOM.CH (Trip.com Group Ltd-ADR) in travel services. It also has a presence in retail and local e-commerce, competing with $JD.US (JD.com-ADR) and $PDD (PDD Holdings Inc-ADR) **How Does Meituan Dianping Make Money?** Meituan Dianping generates revenue primarily through the following business segments: 1. Food Delivery (Largest Revenue Source) - Meituan operates one of China’s largest food delivery services, similar to $UBER (Uber Technologies Inc.) Eats or DoorDash. 2. In-Store, Hotel, and Travel Services - Offers deals, discounts, and booking services for hotels, restaurants, and local attractions like Airbnb and $BKNG. 3. New Initiatives & Other Services (Grocery, Ride-Hailing, Bike-Sharing, B2B, etc.) - Includes Meituan Select (community grocery buying), Meituan Instashopping (fast delivery of retail goods), ride-hailing , and bike-sharing (Mobike acquisition in 2018). ** September 30, 2024 earning report ** The company reported sales were CNY 93,577.32 million compared to CNY 76,466.91 million a year ago. Net income was CNY 12,864.7 million compared to CNY 3,593.02 million a year ago. Where you can see the net income increased more than 3 times. ** Share Price ** The share of Meiutan was trading for CNY452 when the company was running at a loss of 23B, and today when writing this the share price is CNY171 and only in last 3 quarters company made a more than 29B. I believe this is a potential multibagger company, just need a good market. At the time of writing, 3% of my portfolio is invested in this stock, and I gradually want to increase my holdings. $1810.HK (Xiaomi Corp) $06862.HK (Haidilao International Holding) $BIDU (Baidu, Inc.-ADR) $0700.HK (Tencent) $ABNB (Airbnb Inc)