22 hours ago I said that Meituan $MEITUAN could be copied a little; at the time many people thought it was still too early. Now the contract price has been pulled from a bit over 9 to around 10.5, and on paper it’s almost doubled.
This latest rise is mainly because Meituan’s earnings report came out today: revenue was 104.6 billion, up 14%, and profit has also turned positive. The subsidy war isn’t as brutal now; the core business is starting to make money, and the market’s biggest fear—“continuing to lose money”—has been hit.
Hong Kong stocks haven’t opened yet, but the contracts are already up. After all, it’s 24-hour trading; once the news drops, the market prices it immediately. If you haven’t entered, don’t chase. After the opening on Monday, Binance’s price will move closer to the underlying share; you can enter then without being late.
#Meituan
This latest rise is mainly because Meituan’s earnings report came out today: revenue was 104.6 billion, up 14%, and profit has also turned positive. The subsidy war isn’t as brutal now; the core business is starting to make money, and the market’s biggest fear—“continuing to lose money”—has been hit.
Hong Kong stocks haven’t opened yet, but the contracts are already up. After all, it’s 24-hour trading; once the news drops, the market prices it immediately. If you haven’t entered, don’t chase. After the opening on Monday, Binance’s price will move closer to the underlying share; you can enter then without being late.
#Meituan
