In this briefing:
- National People’s Congress/Political Loyalty/Trade War/Huawei Sues
- Meituan Dianping (3690 HK): Lock-Up Expiry – Good 4Q18 Required
1. National People’s Congress/Political Loyalty/Trade War/Huawei Sues
China News That Matters
- Still faster than most of the world
- Stick with Xi, if y’know what’s good for ya
- Trade deficit grows as war drags on
- I’ll see you and raise you: Huawei sues Washington
In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.
2. Meituan Dianping (3690 HK): Lock-Up Expiry – Good 4Q18 Required
Meituan Dianping (3690 HK)‘s shares currently trade 18% below its IPO price of HK$69.00 per share. Meituan will announce its 4Q18 results on Monday, 11 March 2019, after market close. Notably, Meituan’s six-month lock-up period expires on 19 March 2019.
We believe that should Meituan deliver a strong 4Q18; it will likely not experience Xiaomi Corp (1810 HK)’s share price collapse after the end of its six-month lock-up period.
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