Meituan's $MEITUAN-W(03690)$ stock has risen 45.5% since I last covered it on January 18, 2024. I believe it's a good time to revisit Meituan, particularly given its Friday closing price of HKD102.10, which is approaching the resistance level I mentioned at HKD107.91in my previous article. 4Q2023 Earnings Review: Revenue surged 22% year-over-year to RMB 73 billion in the latest quarter, while operating income reached RMB 1.7 billion compared to a loss of RMB 731 million in the corresponding period last year. Both revenue and operating income surpassed street expectations. However, the operating margin dropped to just 2.39% in 4Q2024. Operating margin was substantially higher in previous
Big Tech Weekly
Big tech companies, including Apple, Amazon, Google's parent Alphabet, Meta Platforms, and Microsoft, hold immense significance in the stock market. Their size, market influence, and role in technological innovation make them bellwethers for investor sentiment and key drivers of market performance. This topic will keep following the key events and trend of big tech!
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