Understanding the Market | Meituan-W rose over 4% during the session, with impressive flash sale data in the first week of 618; institutions are optimistic about the company's healthy growth
Meituan-W rose over 4% during the trading session, and as of the time of writing, it is up 3.07%, priced at HKD 140.8, with a transaction volume of HKD 6.206 billion. In terms of news, Meituan Flash Purchase recently released its 618 first-week battle report, indicating that from May 28 to June 1, new customer growth surged, with post-95s accounting for nearly 60%, driving rapid growth for brands and merchants. The transaction volume of over 50 categories of goods increased by more than 100% compared to the same period last year, with over 800 brands and retailers doubling their transaction volume. Dongfang Securities believes that as flash purchase brands penetrate and strengthen consumer awareness, the 30-minute delivery flash purchase space will effectively supplement users' retail needs and drive overall industry growth. The firm stated that ecological construction and overseas expansion will bring positive growth. Huazhang Securities pointed out that it is optimistic about Meituan's operations, organization, and business barriers in the long term, and is confident in its "extreme execution" organization for long-term exploration in the retail sector
According to Zhitong Finance APP, Meituan-W (03690) rose over 4% during the trading session, and as of the time of writing, it has increased by 3.07%, trading at HKD 140.8, with a transaction volume of HKD 6.206 billion.
In terms of news, Meituan Flash Purchase recently released its first-week battle report for the 618 shopping festival. From May 28 to June 1, there was a significant increase in new customers, with those born after 1995 accounting for nearly 60%, driving rapid growth for brands and merchants. The transaction volume of over 50 categories of goods increased by more than 100% compared to the same period last year, with over 800 brands and retailers doubling their transaction volume. Dongfang Securities believes that as flash purchase brands penetrate and strengthen consumer awareness, the 30-minute delivery flash purchase space will effectively supplement users' retail needs and drive overall industry growth. The firm stated that ecological construction and overseas expansion will bring positive growth. Huashan Securities is optimistic about Meituan's operations, organization, and business barriers in the long term, and is confident in its "extreme execution" organization for long-term exploration in the retail sector
