Daily Investment Strategy
Daily focus：Meituan - W（3690）
Meituan is actively promoting overseas expansion and new business development. Through its brand Keeta, the company has successfully entered Saudi Arabia and launched food delivery business in several major cities, and plans to significantly increase investment in overseas markets by 2025. In addition, Meituan has invested in drone delivery and robotics technology, and is committed to technological innovation. At the same time, the company actively integrates AI strategies to improve service quality and efficiency and consolidate its competitive position in the global market.
U.S. Services PMI Performs Better
S&P Global released the U.S. Manufacturing and Services PMI for March. The Services PMI stood out, reaching 54.3, far exceeding market expectations of 51.2 and the previous value of 51.0. This data indicates strong expansion in the U.S. services sector, which is a key driver of the U.S. economy. On the other hand, the Manufacturing PMI fell to 49.8, below the threshold of 50, missing the expected 51.8 and hitting a three-month low. Some factories reported that they were mainly affected by pre-tariff factors, the growth of new orders was nearly stagnant.
On Monday, the Hong Kong Stock Connect recorded a net inflow of HKD 2.53 billion. Meituan-W (3690) had the largest net inflow of HKD 805 million, followed by BYD Co. Ltd (1211). Xiaomi Corp (1810) recorded the largest net outflow of HKD 969 million, followed by BYD Electronic (285).
Cheung Cho Shing, Joseph is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to:https://apps.sfc.hk/publicregWeb/indi/ACQ030/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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