3690.HK: Higher Growth of Orders and GTV Leading To Positive Performance In 3Q19E
Meituan will report 3Q19 results on November 21st before the markets open with a 7am EST conference call. We are positive on Meituan’s performance for 3Q19 due to continuous top-line growth and margin expansion. Based on our data and model, Meituan Dianping revenue is likely to be above consensus at RMB 25.553B in 3Q19 as a result of higher growth in GTVs and orders as well as other lines of businesses.
MEITUAN DIANPING is a China-based e-commerce platform providing life services. The Company connects consumers and businesses to provide services satisfying people's daily eating needs. The Company owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan. The Company is also engaged in the operation of a bike-sharing brand, Mobike.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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