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BPMTUAN@EC2702B

15173

0.0752.60% ( -0.002 )

Delay Closed: Aug 28, 16:08:00

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Weekly Recap | MEITUAN -6.29%, most brokers rate it buy
Weekly Review·1 hour ago
- Meituan (3690.HK) experienced a weekly decline of 6.29 % to close at 77.5 HKD, underperforming the Hang Seng Index. - The company released its Q2 financial results, reporting an adjusted net profit of 2.52 billion RMB up 69 % year-on-year and revenue of 104.64 billion RMB, exceeding market expectations. - A consensus rating of buy is maintained by most institutions with a target price of 110.23 HKD, while market focus turns to the digestion of the earnings and sector competition.
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BABA, Douyin losing steam? Still won't ease Meituan's anxiety.
15 hours ago
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Meituan CEO Wang Xing Says AI Is a Full Upgrade to Organization, Products and Workflows
CoinLive·16 hours ago
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Meituan (Trans): Food delivery unit economics turned positive; further pullback expected in Q3.
17 hours ago
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Meituan Expects Third-Quarter Food Delivery UE to Improve Year Over Year
CoinLive·18 hours ago
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Meituan snaps losing streak with profitable June quarter as price wars cool
SCMP·18 hours ago
- Meituan posted an adjusted net profit of 2.5 billion yuan for the June quarter, ending a three-quarter losing streak as China's food delivery price wars cooled. - Revenue rose 14.4 per cent year on year to 105 billion yuan, driven by reduced promotional subsidies and a strategic focus on high-value customers. - To counter emerging competition from platforms like Douyin, Meituan is expanding globally through its Keeta platform and investing in artificial intelligence.
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Meituan Q2 2026 First Take: At first glance, results looked strong. Revenue came in slightly above expectations, with a bigger surprise on profits vs. Bloomberg consensus.Both core local commerce and group OP beat by over RMB 2bn. Initial take: profit recovery is tracking better than expected. On the one hand, Dolphin Research believes Meituan is firmly on a recovery path. With the food-delivery price war fading, both growth and profitability are improving.The local commerce segment also swung to profit this quarter, and not by a small margin.However, we would caution that the headline profit lacks quality. The quarter booked over RMB 3bn in other gains from shutting down Select and other investments.Excluding this, group OP was still hovering around breakeven.Also, while most metrics beat Bloomberg consensus, they were merely in line with top-tier houses such as Goldman Sachs. In short, the recovery is real, but not as stunning as it first appears.$MEITUAN(03690.HK)
19 hours ago
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Meituan Returns to Profit as Food-Delivery Competition Eases
MorningStar·20 hours ago
- Meituan returned to profitability in the second quarter with a net profit of 2.155 billion yuan, equivalent to $320.6 million, ending a three-quarter streak of losses. - Revenue climbed 14 % year over year to 104.64 billion yuan, accelerating from 5.6 % growth in the previous quarter. - Both net profit and revenue figures beat market expectations as competition in China's food-delivery market eased.
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Meituan Q2 Core Local Commerce Revenue Rises 10.1% to RMB 71.5 Billion
CoinLive·21 hours ago
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*MEITUAN-W 2Q26 Adj. Profit Up 69% YoY to RMB2.52B; Revenue Up 14.4% to RMB104.64B Beats
AASTOCKS News·21 hours ago
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Meituan Q2 FY26 profit more than doubled to RMB 2.16 billion; revenue rises 14.4% to RMB 104.64 billion
PUBT·21 hours ago
- Meituan reported its Q2 FY26 IFRS revenue rose 14.4% year-over-year to RMB 104.64 billion. - IFRS profit for the period more than doubled to RMB 2.16 billion, returning the company to profitability. - Core Local Commerce revenue increased 10.1% to RMB 71.53 billion, while New Initiatives revenue grew 25% to RMB 33.11 billion with a narrowed operating loss.
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STOCKS | Meituan Reports Second-Quarter Adjusted Net Profit of 2.52 Billion Yuan, Up 69%
CoinLive·21 hours ago
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Hong Kong Stocks Little Changed; Property Stocks Diverge, Meitu and Kingdee Surge Over 6%
Market Pulse·21 hours ago
- On August 28, Hong Kong stocks fluctuated narrowly with the Hang Seng Index closing basically flat at 25584.79 points and a total market turnover of about 2300 billion HKD. - Sector performance showed significant divergence, with real estate stocks split sharply, tech software firms generally strengthening, and energy shares posting widespread gains. - Major highlights included Meitu and Kingdee rising over 6%, while real estate firms like Sunac surged more than 10% and Shimao dropped nearly 12%.
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