3690.HK: Uncertainties From Policy Front Mostly Priced In; Expect Solid 2Q21 Results
Meituan will report 2Q21 results on August 30th before the US market opens with a 7am ET conference call. Meituan has been dealing with regulatory policies related to ongoing anti-trust regulations as well as workers’ rights protection issues, which the company has discussed with the market since March and communicated the potential impact to unit economics. The Data Security Law, which is going to be effective on Sept. 1, 2021, is relatively new, and it was passed on June 10, 2021. All internet companies in China are in the process of adopting new practices and measures on data collection, uses, storage, and protection. Once everything is in place, we believe the impact to businesses can be an increase in operational expense at a manageable level and may not be substantial.
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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