MEITUAN(HK:03690) Ge Long Hui·2025-12-23 06:09Group 1: Market Overview - Meituan's stock closed at HKD 102.7, with a daily increase of 1.28% and a trading volume of HKD 5.226 billion, indicating a neutral overall technical signal with a strength of 9 [1] - The Relative Strength Index (RSI) is at 58, indicating a neutral zone, while other indicators like MACD and Bollinger Bands suggest a "buy" signal, reflecting a market in a wait-and-see state [1] - The stock price is fluctuating near short-term moving averages, with the 10-day, 30-day, and 60-day moving averages at HKD 100.66, HKD 100.08, and HKD 100.63 respectively, showing a lack of clear directional guidance [1] Group 2: Performance of Local Lifestyle Service Stocks - Alibaba's stock closed at HKD 145.3, slightly up by 0.83%, but still under pressure from medium to long-term moving averages [2] - Tongcheng Elong's stock fell by 0.54% to HKD 22.3, with technical indicators showing a "strong sell" signal and a lack of short-term catalysts [2] - Kuaishou's stock rose by 1.45% to HKD 66.3, with a neutral technical assessment, while Meituan's stock showed a slight increase to HKD 102.9, with resistance levels at HKD 106.7 and HKD 110.8 [2] Group 3: Structured Products Performance - Two Meituan bull certificates launched on December 17, 2025, showed significant performance, with J.P. Morgan's bull certificate rising by 9% and UBS's by 10% within two days, outperforming the underlying stock's 1.38% increase [4] - The high Delta sensitivity of these bull certificates demonstrates their leverage effect in response to minor fluctuations in the underlying stock [4] Group 4: Recommended Structured Products - The selected call options include Guotai Junan's call option with a leverage of 10 times and a strike price of HKD 106.98, noted for its cost efficiency [7] - HSBC's put option has a leverage of 9.7 times with a strike price of HKD 91.06, suitable for investors expecting a short-term decline in Meituan's stock [7] - J.P. Morgan's bull certificate has a leverage of 6.9 times with a redemption price of HKD 91, appealing to investors anticipating a rebound [7]