$MEITUAN-W (03690.HK)$It is recommended to buy back 3 billion US dollars every year. Currently, the USD/HKD exchange rate is 7.8. Meituan can also squeeze out a lot of local living profits. Assuming that shareholder returns remain at least 3.3%, the valuation can be anchored at 3 billion*7.8/ 3.3% = HK$772.2 billion or more, and the stock price can increase 72.36% more than the current price, so buy back more. Whether it's an increase in your own shareholding ratio or shareholders' confidence in long-term shareholding, it's helpful. Laomei's leading long-term company buybacks out of the big market. When money is needed for development, the capital market They will be very generous, and employees who have held RSU for a long time are also willing to fight for their lives. This is a win-win situation.
Copy sent to: 1 billion reduced by 500 million $TENCENT (00700.HK)$ And the one that has always said it wants to increase shareholder returns $Alibaba (BABA.US)$ 。