Meituan considers second bond sale: Goldman sets HKD 123 target for Meituan stock

Published on 10/23/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 14.00 percent to CNY 104.60 billion. Meituan stock costs EUR 8.20 on October 23, 2026.

Funding and earnings context

Meituan considered a second offshore yuan bond sale on October 21, 2026.
Second-quarter 2026 revenue reached CNY 104.60 billion and net income CNY 2.15 billion.
Meituan stock traded at EUR 8.20 at 9:02 a.m. CEST at Lang & Schwarz on October 23, 2026.

Meituan, KYG596691041, Illustration mit AI erstellt.

Meituan is considering a second offshore yuan bond sale, while its euro quotation stood at EUR 8.20 at Lang & Schwarz on October 23, 2026 at 9:02 a.m. CEST. Bloomberg reported on October 21, 2026, that Meituan had received permission for the offering and would use the proceeds for general corporate purposes. Futunn also reported that Goldman Sachs set a HKD 123 target and a Buy view for the stock.

Funding adds a new capital-market angle

The proposed notes would mark Meituan's second offshore yuan bond offering. Bloomberg said the company had received regulatory permission, but the report did not give a planned issue size, coupon or maturity.

The funding discussion arrives after Meituan expanded beyond its core delivery platform. TechNode reported on October 19, 2026, that Meituan led FAIRINO's Series D financing after its Long-Z investment arm led an earlier Series C+ round. The two financing rounds together involved RMB 1 billion, according to the report.

What supports the earnings case?

Meituan's second-quarter 2026 results provide the operating counterpoint to the financing story. Simply Wall St reported revenue of CNY 104.60 billion, up 14.00 percent from the second quarter of 2025, and net income of CNY 2.15 billion, up 491.00 percent year over year. The reported profit margin was 2.10 percent, compared with 0.40 percent in the year-earlier quarter.

Three dated developments

On August 28, 2026, Meituan reported second-quarter revenue of CNY 104.60 billion. On October 19, 2026, TechNode reported two FAIRINO financing rounds involving RMB 1 billion. On October 21, 2026, Bloomberg reported that Meituan was considering its second offshore yuan bond sale.

Stock trades at EUR 8.20

For investors, the key contrast is between stronger second-quarter profitability and continued capital deployment into new initiatives. The bond proposal is still a consideration rather than a completed issuance, so its financial effect depends on the final terms and use of proceeds. Meituan was trading at EUR 8.20 at Lang & Schwarz on October 23, 2026 at 9:02 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Meituan stock.