Meituan Unsponsored ADR (MPNGY)
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Meituan: Volatility Incurred By Subsidy Battle Presents A Buying Opportunity
Meituan remains the dominant Chinese on-demand delivery platform despite a Q3 loss driven by intensified subsidy competition with JD.com and Alibaba. Meituan's fulfillment efficiency and integrated content-to-transaction ecosystem underpin its market leadership, with unmatched speed, reliability, and high AOV order dominance. Meituan's lower burn rate versus peers amid irrational competition and a 34.3% YTD share price decline present an attractive buying opportunity.
Meituan: I Am Bullish Again (Rating Upgrade)
Meituan is upgraded to bullish as the subsidy war peaks and market share rebounds, signaling a clearer path to margin recovery. Q3 revenue softness was optical, driven by contra-revenue from incentives, while New Initiatives delivered 15.9% y/y growth and improved margins. Subsidy levels are trending lower post-summer, with user engagement and GTV market share recovering, indicating competitive intensity is waning.
Meituan (MPNGY) Q3 2025 Earnings Call Transcript
Meituan (OTCPK:MPNGY) Q3 2025 Earnings Call November 28, 2025 6:00 AM EST Company Participants Scarlett Xu - VP, Head of Capital Markets & Joint Company Secretary Xing Wang - Co-Founder, Chairman & CEO Shaohui Chen - CFO & Senior VP Conference Call Participants Ronald Keung - Goldman Sachs Group, Inc., Research Division Gary Yu - Morgan Stanley, Research Division Kenneth Fong - UBS Investment Bank, Research Division Thomas Chong - Jefferies LLC, Research Division Ya Jiang - Citic Securities Co., Ltd., Research Division Presentation Operator Thank you for standing by, and welcome to the Meituan Third Quarter 2025 Earnings Conference Call.
Meituan: Margin Normalization Due To End Of The Price War May Result In Valuation Upside
In the most recent quarter, MPNGY's revenue surged by 11.7% y/y. Due to the price war, net income margin plunged to 0.4% from 13.8% in the same period last year. Macroeconomic indicators suggests that retail consumption will remain high and the Chinese government will continue to stimulate the economy, releasing close to CN¥ 1.2 trillion in the near future. China's regulators have recently stepped in to end the price war between food delivery companies. MPNGY's profitability margins should start improving from here on.
China's top food delivery firm Meituan misses revenue estimates
China's leading food delivery group Meituan , on Wednesday reported a 11.6% rise in second-quarter revenue missing expectations as it faces increasing competition in the "instant retail" sector.
Meituan: In Good Position To Defend Itself And Continue To Grow
I reiterate my buy rating on Meituan, viewing the current share price weakness as an attractive entry point for long-term investors. Escalating competition in China's food delivery is expanding the market, validating Meituan's moat, and strengthening its user base despite near-term margin pressure. Emerging segments like Instashopping and in-store services are scaling rapidly, diversifying Meituan's business and deepening consumer trust beyond food delivery.
Meituan's drone deliveries 'just one part of the picture': Vice President
Meituan's Keeta unit launches drone deliveries in Hong Kong, extending its existing routes on Mainland China. Meituan's vice president Yinian Mao talks to Emily Tan about the company's drone delivery dreams, and how they fit into its broader operations.
Meituan: Delivering Excellence One Order At A Time
Meituan delivered strong Q1 results, beating earnings expectations and maintaining robust margins despite intensifying competition from JD in food delivery. The current 12.6x forward PE is an attractive entry point, with most negative sentiment already priced in and 41% upside potential. Meituan's competitive moat, platform scale, and efficient order allocation should help it withstand JD's subsidy-driven push and regulatory changes.
Meituan (MPNGY) Q1 2025 Earnings Call Transcript
Meituan (OTCPK:MPNGY) Q1 2025 Earnings Conference Call May 26, 2025 7:00 AM ET Company Participants Scarlett Xu - VP & Head-Capital Markets Xing Wang - Chairman & CEO Shaohui Chen - SVP & CFO Conference Call Participants Ronald Keung - Goldman Sachs Ya Jiang - CITIC Securities Kenneth Fong - UBS Gary Yu - Morgan Stanley Alicia Yap - Citigroup Thomas Chong - Jefferies Operator Thank you for standing by, and welcome to the Meituan First Quarter 2025 Earnings Conference Call. All participants are in a listen-only mode.
Chinese food delivery giant Meituan beats quarterly revenue expectations
China's leading food delivery group Meituan on Monday reported a bigger-than-expected 18.1% rise in quarterly revenue as it targeted cost-conscious Chinese consumers with value-for-money products and services.
Meituan: Capturing Brazil's Food Delivery Goldmine With Keeta
Meituan's $1bn investment in Brazil via Keeta marks its third overseas expansion, leveraging proven success in Saudi Arabia and Hong Kong. I'm bullish on Meituan's ability to disrupt Brazil's concentrated food delivery market by offering lower commissions, tech integration, and aggressive consumer/merchant subsidies. Keeta's targeted rollout strategy and focus on localization should help capture significant market share, mirroring its rapid gains in other regions.
Meituan: Fundamentals Intact Amid JD's On-Demand Ambitions
Meituan's shares dropped 20% due to JD's entry into food delivery, but we believe the market overreacted and Meituan's fundamentals remain strong. JD's entry is likely aimed at maximizing logistics efficiency rather than disrupting the food delivery market, minimizing the threat to Meituan. Meituan's growth potential lies in international expansion, making its current valuation an attractive entry point for long-term investors.
