3690.HK: Growth of Food Delivery Market Slows Down But Competition Heats Up; Positive for Meituan’s 1Q19 Earnings
Meituan will report 1Q19 results on May 23rd before the markets open with a 7am EST conference call. We are positive into Meituan’s 1Q19 earnings, but at the same time we are worried about the growth outlook of the food delivery market in China.
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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