CHINA C.BANK INJECTS 146.2 BLN YUAN VIA 7-DAY REVERSE REPOS AT 1.40% VS PRIOR 1.40% - STATEMENT

DBS Group Research maintained a bullish view on Meituan, citing its leading position in food delivery and early progress in overseas markets. This comes despite near-term earnings pressure and guidance for core local commerce revenue to be flat or slightly down in 1Q, which was in line with expectations. The company also expects narrower losses in its new initiatives segment, supported by improved unit economics in Saudi Arabia. DBS said shares could re-rate if regulators provide clearer guidance on ending subsidy competition in food delivery, and kept its buy rating while reviewing its HK$130 target price.

法国10年期国债收益率升至2009年6月以来最高水平，报3.876%，较前一日上行8个基点。