In terms of the stock price increase, meituans comments soared from HK $40 to HK $103.50 last year, with an annual increase of over 150%. It is a proper super Bull Stock.
According to the previous report, in 2019, Chinas takeout industry reached 600 billion yuan, with meituan alone accounting for half of the total. Now, meituan comments has become the third largest Internet listed company after Alibaba Tencent, with its market value directly crushing JD, pinduoduo and Baidu. More market people speculate that the next hundred billion dollar Internet company may be born.
Market value exceeds $80 billion
Just now, the comments of Hong Kong stock meituan are hot again!
On January 6, when the Hong Kong stock market was generally depressed, meituans comments on the stock price appeared a counter attack all the way. In the session, meituans stock price broke through HK $110.90 rapidly, setting a new high since its listing. The market value was as high as HK $644.1 billion, converted into US dollars, with a market value of about US $80 billion.
By the end of the day, meituans comments had risen by more than 5.09% and its share price had closed at HK $109.5, with a market value of HK $636 billion.
From the news point of view, meituan reviews and the appearance of new electric driverless distribution vehicles from American auto parts suppliers have become one of the favorable factors for the market to be optimistic about meituan reviews.
It is reported that the 2020 International Consumer Electronics Fair (ces2020) kicked off in Las Vegas as scheduled. Valeo, a world-famous auto parts supplier, presented at the exhibition with many innovative technologies, and for the first time demonstrated the worlds first electric unmanned distribution prototype car, Valeo edeliver4u, jointly developed with meituan reviews.
According to the strategic cooperation agreement signed by the two sides at CES last year, fareor will provide key parts and corresponding technologies for the R & D of unmanned distribution vehicles, including but not limited to motors, sensors, lighting, thermal management, etc., in combination with meituans application scenarios and unmanned driving technology. Both sides will jointly develop the last kilometer unmanned distribution solution. According to reports, the new delivery car can deliver up to 17 takeout meals per trip.
However, this is not the first time that meituan comments has seen a big rise. In late November last year, meituan released its third quarter financial report, in which the single quarter revenue reached 27.4 billion yuan, a year-on-year increase of 44%. Beautiful performance stimulated meituans comment share price to soar by more than 12% on November 22, and its market value broke through 600 billion Hong Kong dollars.
Since last year, the trend of meituans comments has been characterized by bull stocks. According to the data, in, meituans comments soared from HK $40 to HK $103.50, an annual increase of over 150%.
According to the current ranking of the market value of Chinas Internet listed companies, meituan comments has become the third largest Internet listed company after Alibaba and Tencent, and far exceeds Jingdong, a listed company of zhonggai shares, whose latest market value is only US $55.4 billion.
The latest market value of Internet rookie pinduoduo is US $47.5 billion. Previously, Baidu, the traditional bat camp, had a new market value of only $46.3 billion, falling out of the first camp of Chinese Internet listed companies.
The company said: the share price can still rise by 20%
Since the end of October last year, when the same company with different rights was included in the list of Hong Kong stock connect, Xiaomi group and meituan comments have entered the stock pool of southbound capital.
According to the data, since October 28, meituan has been buying meituan reviews from the south till now, with the latest stake of 146 million shares, accounting for 2.87%. From the initial shareholding situation, the lowest cost of domestic equity is only HK $93.70. In just over two months, the floating profit of domestic capital has exceeded 18%.
In addition to the large-scale purchase of meituans comments, many institutions have also been optimistic about meituans comments and issued a report on the purchase rating.
Today, Credit Suisse released a report saying that it maintained its rating of outperforming the market and raised its target price from HK $120 to HK $135. Compared with the latest closing price, meituan comments has at least 20% room to rise.
According to Credit Suisse, due to the low penetration rate of low-end cities, the increase of orders for takeout of simple meals and desserts, and the increase of restaurant supply, the growth rate of total trade value of the mainland takeout industry will slow down to 30% and 25% steadily this fiscal year. However, meituans sustained and orderly investment in the past may help to further expand its market share. Its digital platform marketing advantage can also extend the advertising field from overseas to other local consumption areas. It is expected that the revenue of high-profit advertising business will double within two years.
According to Credit Suisse, the labor cost per order in the next two years may be further reduced by 5% to 6.8 yuan from the current 7.2 yuan. Based on the steady track record of meituans takeout business, the transparency of profits has been improved.
CICC also issued an optimistic report. CICC said that due to strong demand and market share improvement, the total sales volume of meituan takeout increased by 40% over the same period last year. It is expected that the companys marketing services, differentiated delivery fees and the falling cost of takeout staff will support its operating profit margin to 6.3% and 16.5% under the non-U.S. GAAP in 2020-2021, increase the companys target price to HK $110 and maintain it Better than big market investment rating.
More than 600 billion yuan of Chinese take out food in one year
Meituan family occupies half of the country
In December last year, meituan Research Institute and China Hotel Association jointly released the Research Report on Chinas takeout industry. According to the report, on the basis of the transaction volume of 461.3 billion yuan in 2018, the scale of takeout in 2019 is expected to reach 603.5 billion yuan, with a growth rate of 30.8%. The rapid development of the takeout industry has injected new momentum into the whole catering industry.
The report points out that with the continuous and rapid growth of market scale, the penetration rate of take out industry continues to increase. In 2018, the penetration rate of the takeout industry in China was 10.8%, and by the third quarter of 2019, the penetration rate of the takeout industry increased to 15.9%. It is estimated that the penetration rate of takeout industry in 2019 will reach 14.2%, 3.4 percentage points higher than that in 2018.
According to the data, in the first three quarters of 2019, in the takeout market of Chinas Internet catering market, meituan accounted for more than 53% of the market share, while hungry accounted for more than 43.9%, and other takeout platforms accounted for the remaining 3.1%.
According to the previous report of CSC securities research, meituans market share advantage comes from the sinking market, with more single platform users in low-end cities. The competition of take out platforms in the first and second tier cities is becoming increasingly fierce. According to AI media, in 2018, the distribution of orders of Chinese take out platforms in the first and second tier cities was almost hungry, and meituan took up 47.4% and 51.8% respectively. It is the competition for the sinking market that really opens the gap between the two markets and forms the 631 structure.
In addition, according to the trustdata mobile big data monitoring platform, the coincidence of platform merchants in the third tier and below cities is significantly less than that in the first tier and second tier cities, which proves that more merchants in the low tier cities are single platform merchants, with less volatility and strong stickiness, and the first mover advantage of meituan in the low tier cities is more obvious.
According to the research of CSC securities, the huge scale of meituan takeout has formed a barrier. The advantages of merchant end and distribution end are obvious. Meituan takeout comes first after delivery, and takes the advantage to stabilize the trilateral balance. Sunken market advantage is obvious, the countryside encircles the city. Hungry? The current low-end city share is at a disadvantage, but it has unique advantages in member diversion.
Wang Xing is worth more than $8 billion
Meituan is the next 100 billion dollar Internet company?
It is worth noting that, with the market value of meituans comments increased significantly, Wang Xing, CEO of meituan, also saw a rise in personal wealth.
According to the Hong Kong Stock Exchange disclosed by e-mail, Wang Xing holds 573.188 million shares recently, and his fortune will reach HK $62.7 billion, equivalent to US $8 billion.
Previously, in the third quarter report of 2019 issued by meituan, Wang Xing said, the rapid growth of meituans revenue means that meituan has created more value for businesses and users, which also confirms that China is still the most growing consumer market in the world, and we are confident in the long-term growth of the Chinese market.
Wang Xing also said that under the strategy of food + platform, it will continue to invest in scientific and technological innovation, continue to improve efficiency, continue to promote the supply side digitalization of life service industry, grow together with merchants and partners, meet users more diversified consumption needs, and create greater value for the society. Focusing on the mission of helping you eat better and live better, we will continue to focus on relevant business opportunities and increase investment in new businesses with growth potential.
As meituans market value continues to crush traditional Internet companies such as Jingdong and Baidu, many people begin to guess whether meituan will become the next Internet listed company with a market value of more than US $100 billion?
Analysts believe that from the current scale of meituan and transaction growth, it is not difficult to achieve. Although meituans direct competitor is hungry? The latter relies on the shareholder Ali, but in terms of market share, it is hard to surpass meituan in a short time. At the same time, through its own reform this year, meituan strengthened its control over the national market. In the future, meituan needs to strengthen customer stickiness, continue to deepen the redevelopment of user habits, and add to the growth prospects of the overall takeout industry. It is only a matter of time before meituan can realize a market value of 100 billion yuan.
Goldman Sachs previously released a report saying that meituan reviews are still leading in the field of food. The company provides the most extensive restaurant services in the mainland, including in store dining, restaurant reviews, software and food distribution system. In addition, it also has a wide range of business coverage, the largest self built delivery network, and the company has successful cross platform sales examples. In the past, it has also sold its food Users in the field of things are promoted to beauty, medical and health fields. More market analysts believe that the takeout platform, which dominates Chinese peoples eating, drinking and playing, can rise with the growing market size of Chinas catering industry, and the future appreciation prospect is promising. According to the statistics of blue book of catering industry: report on the development of Chinas catering industry (2019), the income of catering industry has increased nearly 780 times in 40 years. The compound growth rate is as high as 18.1%, which is a miracle in the development history of world catering industry. Based on the average growth rate of Chinas and the United States catering industry revenue in the past three years, it is estimated that Chinas catering industry is expected to surpass the United States in 2023. Meituans business model has inherent advantages. China, with a population of 1.4 billion, is enough to support meituans market value to exceed 100 billion US dollars. The above market participants pointed out. Source: editor in charge of China Fund News: Yang bin_nf4368
Goldman Sachs previously released a report saying that meituan reviews are still leading in the field of food. The company provides the most extensive restaurant services in the mainland, including in store dining, restaurant reviews, software and food distribution system. In addition, it also has a wide range of business coverage, the largest self built delivery network, and the company has successful cross platform sales examples. In the past, it has also sold its food Users in the field of things are promoted to beauty, medical and health fields.
More market analysts believe that the takeout platform, which dominates Chinese peoples eating, drinking and playing, can rise with the growing market size of Chinas catering industry, and the future appreciation prospect is promising.
According to the statistics of blue book of catering industry: report on the development of Chinas catering industry (2019), the income of catering industry has increased nearly 780 times in 40 years. The compound growth rate is as high as 18.1%, which is a miracle in the development history of world catering industry. Based on the average growth rate of Chinas and the United States catering industry revenue in the past three years, it is estimated that Chinas catering industry is expected to surpass the United States in 2023.
Meituans business model has inherent advantages. China, with a population of 1.4 billion, is enough to support meituans market value to exceed 100 billion US dollars. The above market participants pointed out.