Meituan reports 3rd consecutive profitable quarter, sales up 22%

2023-11-28

$MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ 3Q Results Out:

Revenue +22.1% to RMB 76.5B vs. RMB 76B est. (BEAT)

Adjusted NPAT +62.4% to RMB 5.7B vs. RMB 5.3B est. (BEAT)

Meituan reported a bigger-than-expected 22% rise in third-quarter revenue, China’s largest food delivery firm extended its recovery from the global health crisis impact of last year.

I'm wondering how this can't be manipulation. Meituan crashed in the AM on light volume, only to be bought at the lows on high volume and in the run-up to the close (look at the vol spike). Then the company announces massive 3Q earnings beat 35 mins after the end of the day.

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Comments

zippyzo
2023-12-01
zippyzo
Don’t be too optimistic, the challenges facing Meituan are not small.
wavyloo
2023-12-01
wavyloo
Being long Meituan is never a wrong choice
twinkle5
2023-12-01
twinkle5
Hopefully the stock price will respond to this! !
chimey
2023-12-01
chimey
This financial report exceeded many people’s expectations
jinglese
2023-12-01
jinglese
Meituan’s third quarter results were really outstanding
tyk23
2023-12-04
tyk23
ok

Leave a comment

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(BEAT)Meituan reported a bigger-than-expected 22% rise in third-quarter revenue, China’s largest food delivery firm extended its recovery from the global health crisis impact of last year.I'm wondering how this can't be manipulation. Meituan crashed in the AM on light volume, only to be bought at the lows on high volume and in the run-up to the close (look at the vol spike). Then the company announces massive 3Q earnings beat 35 mins after the end of the day.<img src=\"https://community-static.tradeup.com/news/24dcf9052dc231b65c3f52edffb96c86\" tg-width=\"560\" tg-height=\"240\"></body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"03690\" class=\"teditor-mention\" data-mention-name=\"MEITUAN-W\" href=\"https://ttm.financial/S/03690\">$MEITUAN-W(03690)$</a> <a data-mention-id=\"MPNGY\" class=\"teditor-mention\" data-mention-name=\"MEITUAN\" href=\"https://ttm.financial/S/MPNGY\">$MEITUAN(MPNGY)$</a> 3Q Results Out: Revenue +22.1% to RMB 76.5B vs. RMB 76B est. (BEAT) Adjusted NPAT +62.4% to RMB 5.7B vs. RMB 5.3B est. (BEAT)Meituan reported a bigger-than-expected 22% rise in third-quarter revenue, China’s largest food delivery firm extended its recovery from the global health crisis impact of last year.I'm wondering how this can't be manipulation. Meituan crashed in the AM on light volume, only to be bought at the lows on high volume and in the run-up to the close (look at the vol spike). Then the company announces massive 3Q earnings beat 35 mins after the end of the day.<img src=\"https://community-static.tradeup.com/news/24dcf9052dc231b65c3f52edffb96c86\" tg-width=\"560\" tg-height=\"240\"></body></html>","text":"$MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ 3Q Results Out: Revenue +22.1% to RMB 76.5B vs. RMB 76B est. (BEAT) Adjusted NPAT +62.4% to RMB 5.7B vs. RMB 5.3B est. (BEAT) Meituan reported a bigger-than-expected 22% rise in third-quarter revenue, China’s largest food delivery firm extended its recovery from the global health crisis impact of last year. I'm wondering how this can't be manipulation. Meituan crashed in the AM on light volume, only to be bought at the lows on high volume and in the run-up to the close (look at the vol spike). 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