Amid the fierce takeaway and instant retail price war, Meituan handed over its report card in the second quarter.The financial statements show,$Meituan-W (03690) $In the second quarter of this year, revenue was 91.84 billion yuan, a year-on-year increase of 11.7%; However, the operating profit in the second quarter plummeted 98% to 230 million yuan, and the operating profit margin fell from 13.7% to 0.2%; The adjusted net profit in the second quarter was RMB 1.49 billion, a year-on-year decrease of 89% compared with RMB 13.606 billion in the same period last year, and far lower than the estimated RMB 9.85 billion.When Hong Kong stocks opened this morning, Meituan opened 9.72% lower at HK $105, with a turnover of HK $1.656 billion."Meituan has grown
China Stocks Are Surging: Do You Know These HK SDRs?
Global stock markets keep hitting new highs — except China. But things may be changing. Xtrackers Harvest CSI 300 China A-Shares ETF is already up +19.95% YTD, beating $Invesco QQQ(QQQ)$’s +10.64%. So what’s the easiest way for SG investors to get exposure? Besides directly buying HK-listed Chinese companies, you can also buy SDRs (Singapore Depository Receipts), which track popular HK stocks one-for-one or at set ratios. 1. Would you buy China exposure through HK stocks directly, or SDRs listed in SG? 2. If you’re bullish long-term, would you go as far as buying LEAP calls on HK names?
+ Follow
+11
