28th November 2023 (Tuesday)
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Market Commentary
Meituan's 3Q Earnings Results in Focus

Meituan (3690.HK) is expected to release its financial results for the third quarter ended September 30, 2023, on Tuesday, November 28, 2023, after market close. 

Prior to the release on 28 November, Meituan share price fell sharply in afternoon session as it broke below current year low of HKD 104.60 and multi-year low of HKD 103.50 last seen on 15 March 2022 to trade at HKD102 as of time of writing. 

As of year-to-date ended 27 November, Meituan's share price is down -37.8% and has drastically underperformed the HSI -11.4% decline and HSTECH -2.3% decline.  

For the third quarter, Meituan is expected to report a sharp slowdown in quarterly growth as Chinese consumption remains volatile during a downturn (Source: Bloomberg)

Gain Long and Short leverage exposure to the Hang Seng indices and HK single stocks with SocGen DLCs. Click HERE to view the full list of DLCs. 

DRKW
Meituan 5xLongSG241126
3690.HK 5x Long
Last Price1
0.047 +0.001
(+2.19%)
Last Update: 30/11/2023 13:21
 
DYGW
Meituan 5xShortSG240411
3690.HK 5x Short
Last Price1
0.700 -0.01
(-1.40%)
Last Update: 30/11/2023 13:21
Last Price1: The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
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New Issuance
Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
DKQW PingAn 5xShortSG241114 Ping An Insurance -5x 17/11/2023
DRSW Xiaomi 5xShortSG241114 Xiaomi Corporation -5x 17/11/2023
DKPW Alibaba 5xLongSG251113 Alibaba 5x 16/11/2023
DJYW CLIFE 5xLongSG251113 China Life Insurance 5x 16/11/2023
DKVW CNOOC 5xLongSG251113 CNOOC 5x 16/11/2023
DRRW Geely 5xLongSG251113 Geely Auto 5x 16/11/2023
DVWW HKEx 5xLongSG251113 HKEX 5x 16/11/2023
DWYW JD 5xLongSG251113 JD.com 5x 16/11/2023
DYTW Lenovo 5xLongSG251113 Lenovo Group 5x 16/11/2023
DJZW LiNing 5xLongSG251113 Li Ning Co Ltd 5x 16/11/2023
DVXW Meituan 5xLongSG251113 Meituan 5x 16/11/2023
DYWW NetEase 5xLongSG251113 NetEase 5x 16/11/2023
DRVW Singtel 5xLongSG251113 Singtel 5x 16/11/2023
DYSW Tencent 5xLongSG251113 Tencent 5x 16/11/2023
DRTW WuxiBio 5xLongSG251113 Wuxi Biologics Cayman Inc 5x 16/11/2023
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Education
How to select the right DLC for your target exposure?

Click here to watch the video

Top Gainers / Losers
Code Name Bid Change1
(%)
DIMW AIA 5xShortSG250327 +0.108
(+16.70%)
DUMW KepCorp 5xLongSG250410 +0.086
(+14.73%)
DKZW KepCorp 5xLongSG250904 +0.041
(+14.45%)
DZUW Geely 5xShortSG241209 +0.063
(+14.27%)
DBPW ANTA 5xLongSG240620 +0.003
(+14.02%)
Code Name Bid Change1
(%)
DJVW Bilibili 5xLongSG250306 -0.16
(-56.49%)
DWGW AIA 5xLongSG241213 -0.007
(-14.59%)
DFXW Geely 5xLongSG240327 -0.019
(-12.98%)
DQUW BYD 5xLongSG250116 -0.008
(-12.36%)
DNPW BYD 5xLongSG231220 -0.042
(-12.26%)
Bid Change (%)1: Data calculated based on the percentage change in last intrinsic closing value on 29/11/2023 and last bid price on 30/11/2023 13:21.
Intinsic Closing Value: Last updated on 29/11/2023
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
DYEW CityDev 5xLongSG241218 -0.16% 0
(0.00%)
0.114 162K
DWIW Sembcorp 5xLongSG250410 -0.78% -0.009
(-1.46%)
0.605 114K
DRHW Tencent 5xShortSG240411 +1.58% -0.057
(-6.77%)
0.780 101K
DUMW KepCorp 5xLongSG250410 +2.64% +0.086
(+14.73%)
0.670 93K
DZTW SIA 5xLongSG250709 0.00% +0.003
(+1.77%)
0.173 73K
DVSW Venture 5xLongSG260904 -1.57% -0.044
(-6.34%)
0.650 72K
DVXW Meituan 5xLongSG251113 +0.50% +0.007
(+4.57%)
0.161 72K
DXQW Alibaba 5xShortSG240411 -0.89% +0.053
(+5.37%)
1.040 71K
DRPW Tencent 5xLongSG250716 +1.58% +0.04
(+8.90%)
0.495 70K
DRBW SIA 5xShortSG240306 0.00% +0.001
(+1.06%)
0.095 68K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 29/11/2023 and 30/11/2023 13:21.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 29/11/2023 and last bid price on 30/11/2023 13:21.
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