Meituan reports 3rd consecutive profitable quarter, sales up 22%
$MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ 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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Don’t be too optimistic, the challenges facing Meituan are not small.
Being long Meituan is never a wrong choice
Hopefully the stock price will respond to this! !
This financial report exceeded many people’s expectations
Meituan’s third quarter results were really outstanding