Meituan Unsponsored ADR (MPNGY)
Hang Seng Index slips as JD Logistics, Meituan, Kuaishou, Trip.com stocks dive
The Hang Seng Index remains in a deep bear market and is hovering at its lowest level since July 17th as the crisis between the US and Iran escalates. It dropped to 24,570, down by over 11.65% from its highest level this year.
Meituan: Q2 '26 Beat On Temporary Truce; Structural Headwinds Warrant Staying On The Sidelines
Meituan delivered Q2 2026 revenue and earnings above consensus, with core local commerce operating profit reaching RMB 5.6 bn versus consensus RMB 3.4 bn. We maintain a Hold/neutral rating, citing balanced risk-reward as MT faces domestic competition from BABA and slow international scaling of Keeta. The company trades at 16x forward earnings, a slight discount to peers, reflecting structural headwinds: persistent subsidies, regulatory cost volatility, and uncertain margin durability.
Meituan: Still Bullish After Q2 Turnaround
I maintain a "Buy" rating on Meituan, citing a strong 2Q26 beat and a return to profitability. MPNGY's Core Local Commerce division delivered 10% YoY growth and a CNY5.67 billion operating profit, driven by high-AOV bookings and subsidy reductions. The company's overseas New Initiatives division improved efficiency, with Keeta's Saudi unit turning profitable and segment losses narrowing.
Meituan (MPNGY) Q2 2026 Earnings Call Transcript
Meituan (MPNGY) Q2 2026 Earnings Call Transcript
Meituan Returns to Profit as Food-Delivery Competition Eases
The results snapped a three-quarter streak of losses for the Chinese shopping-and-delivery platform.
Hang Seng Index nears golden cross as Meituan, Lenovo, Alibaba stocks jump
The Hang Seng Index has rebounded, moving from the June low of 22,516 to a high of 26,200. It has jumped to its highest level since May 15, and is about to form a golden cross pattern as technology companies recover.
Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users' faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.
Meituan: Business Recovery Well Underway, Reiterate Buy
Meituan remains a Buy as Q1 2026 results confirm Q4 2025 was likely the trough, not a new run-rate. Sequential improvement is clear: CLC and New Initiatives losses narrowed sharply, and food delivery economics are moving in the right direction. Q1 demonstrates MPNGF can improve profitability without a sharp revenue rebound, invalidating the bear case of a permanent subsidy war.
Meituan: Downgrade To HOLD As Structural Recovery Meets Cyclical Stagnation
Meituan: Downgrade To HOLD As Structural Recovery Meets Cyclical Stagnation
Meituan (MPNGY) Q1 2026 Earnings Call Transcript
Meituan (MPNGY) Q1 2026 Earnings Call Transcript
Meituan Logs Another Loss Amid Food-Delivery Price War
China's top food-delivery company stayed in the red for the third consecutive quarter.
Meituan: A Messy Quarter, But Underlying Trends Are Positive
Meituan remains a buy as the business fundamentals outshine the Q4 headline loss, with improved user quality and a strengthening moat. Core Local Commerce faces pressure, but food delivery competition is rationalizing, and sequential margin recovery is underway as management pulls back from low-quality orders. MPNGF's upgraded membership program is driving higher user engagement, retention, and ARPU, expanding the high-value member base and reducing churn risk.
