EUR/USD
1.15161
-0.003%
Gold
4487.94
-0.583%
Oil
98.887
1.367%
USD/JPY
159.750
-0.244%
GBP/USD
1.32713
0.000%
GBP/JPY
212.014
-0.244%
Real-time News
On March 30th, Jefferies released a research report stating that Meituan (03690.HK)s total revenue in the fourth quarter of last year increased by 4.1% year-on-year to RMB 92.1 billion, in line with the banks and market expectations. Core local commerce revenue fell by 1% year-on-year to RMB 64.8 billion, slightly lower than the market expectation of flat year-on-year growth, while the bank expected a 1.3% decline. Core local commerce operating loss reached RMB 10 billion. New business revenue increased by 18.9% year-on-year to RMB 27.3 billion, higher than expected, with an operating loss of RMB 4.6 billion. Adjusted net loss reached RMB 15 billion, lower than market expectations, but in line with the banks expectations. Jefferies indicated that Meituans core local commerce fundamentals have improved, and new businesses are on track, maintaining a "buy" rating on Meituan with a target price of HKD 130.Toyota: In February, the parent companys global sales were 737,134 vehicles, a year-on-year decrease of 3.3%. Domestic production in Japan was 278,916 vehicles, a year-on-year decrease of 2.6%.Binh Son Refining & Chemical Co., Ltd., a Vietnamese oil refiner, is in talks with its Russian partners to purchase Espo, Sokol and Novy crude oil.Binh Son Refining & Chemical Company, a Vietnamese oil refiner, has secured a supply of 2.3 million barrels of Vietnamese crude oil for production and operations in May and June.Binh Son Refining & Chemical Company, a Vietnamese oil refiner, will put its new oil storage tanks into operation in May.
