Meituan stock falls 1 percent in Hong Kong trading

Published on 10/08/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meituan stock stood at HKD 69.45 at 3:22 p.m. Hong Kong time on October 8, 2026. Second-quarter revenue rose 14.4 percent to RMB 104.6 billion.

Meituan, KYG596691041, Illustration mit AI erstellt.

Meituan (ISIN KYG596691041) stock was trading at HKD 69.45 on the Hong Kong Stock Exchange at 3:22 p.m. Hong Kong time on October 8, 2026, down 1.00 percent from the HKD 70.15 prior close. The move keeps the shares above the 52-week low while leaving them below the yearly high.

Second-quarter profit changes the picture

Meituan's latest reported quarter ended June 30, 2026. According to FSM Global in its September 11, 2026 analysis, revenue rose 14.4 percent year over year to RMB 104.6 billion, compared with RMB 91.5 billion in the second quarter of 2025.

The operating result also turned positive at RMB 2.7 billion, equal to a 2.6 percent margin, versus an operating loss of RMB 6.5 billion in the first quarter of 2026. Profit for the period reached RMB 2.2 billion, reversing the RMB 6.8 billion loss recorded in the prior quarter.

Competition still shapes margins

The rebound has a clear operating driver. FSM Global linked the improvement to lower user incentives and a more disciplined approach to spending, while Meituan's Core Local Commerce segment generated RMB 5.7 billion in operating profit during the second quarter.

The same analysis identified renewed competition and a return to intense price wars as the central risk to a smooth recovery. New Initiatives remained loss-making at RMB 1.7 billion in the quarter, although that deficit narrowed from RMB 2.1 billion in the first quarter.

Analysts retain an overweight view

According to The Wall Street Journal on October 6, 2026, the consensus view was Overweight across 45 analysts covering Meituan's ADR. The published 12-month targets ranged from USD 16.07 to USD 38.94, with an average target of USD 27.88.

For investors, the operating debate is therefore narrower than the headline price move. Revenue growth and restored profitability support the recovery case, while spending intensity in delivery and overseas expansion remains the key test for margins.

Stock remains above its yearly low

Meituan was trading at HKD 69.45 on the Hong Kong Stock Exchange on October 8, 2026, with volume of 17,259,413 shares. Its 52-week range was HKD 63.65 to HKD 108.00, and market capitalization stood at HKD 428.6 billion.