Understanding the market | Why did MEITUAN surge by 10%?

LB Select
2024.03.01 05:16

The following is market information, the authenticity cannot be confirmed.

MEITUAN's Rise Review & Recent Rumors Summary

  1. Direct catalyst: PMI exceeds expectations. The Caixin China Manufacturing Purchasing Managers' Index (PMI) for February 2024, released on March 1st, recorded 50.9, a slight increase of 0.1 percentage points from the previous month. This is the first time in the second half of 2021 that it has been in the expansion zone for four consecutive months.

  2. Community group buying loss reduction exceeds expectations (rumored), rumored to reduce losses by 10 billion.

  3. In-store profit margin holding at 2% OP/GTV (rumored).

  4. January takeaway exceeds expectations (Ran Shu).

Source: LB Select The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.