Top movers alert: Calls over Tencent and Meituan jump between 100% to 267%

Macquarie Warrants Singapore
06-02

✳Call warrants over Tencent ( $TencentMBeCW261005(IGYW.SI)$ ) and Meituan ( $Meituan MB eCW261103(TWWW.SI)$ & $Meituan MB eCW260804(YWQW.SI)$ ) have gained as much as 267% today as of 230PM, as the stocks respectively rally 9.4% and 8.5% as of 230PM

There are no put warrants available over these names

1⃣ $TENCENT(00700)$ : gaining as much as 9.9% today, this is the stock's biggest gain in more than three years after reports said that the company was testing a prototype AI agent within its WeChat app which boasts 1.4 billion active users

Today's rally has given the stock a much-needed lift after it lost 27.2% year to date prior to today's move

2⃣ $MEITUAN-W(03690)$ : today's share price jump takes its 2-day gain to 15% after the company reported a better than expected first quarter revenue growth of 91.04 billion yuan

The operating loss in Core Local Commerce (CLC) narrowed to Rmb 2 billion, from Rmb10 billion in 4Q25, mainly due to improved unit economics for quick commerce as competition eased

Analysts are now expecting the company to return to positive trajectory in its quick commerce units

The stock had traded an a new 28-month low of HKD 73.30 last Thursday, ahead of its results release

👨‍🏫We previously published the technical views of Meituan provided by CGSi chart analyst Chua Wei Ren on 9 April, where he shared the key support and resistance levels to look out for: https://rfs.cgsi.com/api/download?file=2e251057-ed86-491e-a55b-daf650e35ce1

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