Market review this week (202204.04202204.10)
This week, the Shanghai stock index and CSI 300 fell by 0.94% and 1.06%, the Hang Seng Index and Hang Seng technology index fell by 0.76% and 2.24%, the NASDAQ index and Dow Jones index fell by 3.86% and 0.28%, the Internet, media and e-commerce indexes showed a downward trend, and the education index rose this week. Among the key stocks of Internet media, Mito (+ 12.90%), China youzan (+ 12.35%) and bubble Mart (+ 9.16%) led the gains this week.
Meituan unmanned delivery vehicles rush to Shanghai, and Tencent video is about to raise its member price
Meituan automatic delivery vehicle has arrived at meituan caikangqiao Road Station in Pudong New Area for commissioning. On April 5, it officially delivered living materials to residents of oasis Kangcheng community. The relevant person in charge of meituan said that at present, the automatic distribution vehicle is still being piloted in Kangcheng community, and will be rolled out later according to the situation. It is reported that meituan automatic distribution vehicle will not only provide effective transportation capacity for the vegetable shopping site, but also actively cooperate with volunteers in the community to jointly carry out material distribution.
Tencent video will adjust the prices of Tencent video VIP and super film and television VIP at 0:00 on April 20. Among them, the prices of several packages of Tencent video VIP monthly card and super film and television VIP remain unchanged. The price of VIP continuous monthly package will be increased from 20 yuan to 25 yuan, the price of super film and television VIP continuous monthly package will be adjusted from 30 yuan to 35 yuan, and the price of Tencent video VIP annual card will be adjusted from 253 yuan to 258 yuan.
G-Bits Network Technology(Xiamen)Co.Ltd(603444) disclosed the annual performance and dividend plan, Saturday Co.Ltd(002291) the performance forecast of the first quarter recovered G-Bits Network Technology(Xiamen)Co.Ltd(603444) in 2021, the revenue was 4.619 billion yuan, a year-on-year increase of 68.4%, the net profit attributable to the parent was 1.468 billion yuan, a year-on-year increase of 40.3%, the net profit not attributable to the parent was 1.226 billion yuan, a year-on-year increase of 36.2%, and the net cash flow from operating activities was 2.418 billion yuan, a year-on-year increase of 57.8%. The company plans to distribute cash dividends of 160 yuan for every 10 shares, and the total distribution amount is expected to be 1.15 billion yuan Saturday Co.Ltd(002291) 22q1 is expected to realize a net profit attributable to the parent company of 80 million yuan – 120 million yuan, a year-on-year increase of + 752.71% – 117906%, deducting a net profit not attributable to the parent company of 75 million yuan – 112.5 million yuan, a year-on-year increase of + 916.84% – 142526%.
Investment advice
This week, Tencent video followed up the second price increase, with a price increase range of about 2% – 25%, and proposed to further reduce costs. In our previous comments, we clearly proposed that the establishment of a new round of price increase cycle in the industry, the easing of the competitive situation and the opening of the price increase cycle will be beneficial to the improvement of the business performance of the head platform. Meituan automatic delivery vehicles have officially started on the road in Shanghai, and the first batch of teams entering Fudan University have delivered more than 10000 orders. Meanwhile, meituan has deployed nearly 1000 sorting personnel to help Shanghai and actively assumed social responsibilities during the special period of anti epidemic. In our first coverage report, we proposed that meituan’s strategy should be upgraded from “food + platform” to “retail + technology”, so as to build product ecology and technology empowerment to improve the efficiency of the supply chain, The audit matters of the active regulatory stocks in China and the US have already entered the grinding stage. We think the quality Internet leading position is clear in the current layout value, and we should pay attention to the US group -W, Kwai -W, Jingdong group and Tencent holdings.
Risk tips
Intensifying geopolitical conflicts; Drastic changes in industry competition pattern; Long term suspension of edition number, etc
