Jefferies keeps Buy rating for Meituan stock

Published on 10/14/2026 at 13:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September orders exceeded 73 million per day, with RMB 0.20-0.30 profit per order. Meituan stock traded at EUR 8.75 on October 14, 2026.

Delivery economics and earnings

Jefferies maintained a Buy rating for Meituan on October 13, 2026.
First-half revenue reached RMB 195.68 billion, up 10.10 percent year over year.
Meituan stock traded at EUR 8.75 at 1:42 p.m. CEST at Lang & Schwarz on October 14, 2026.

Meituan, KYG596691041, Illustration mit AI erstellt.

Meituan (ISIN KYG596691041) retained a Buy rating in a Jefferies report dated October 13, 2026, while the report set a HKD 132.00 target price. Futunn said the view reflected improving food-delivery unit economics and easing competitive pressure.

Three milestones shape the story

The latest sequence began with Meituan's first-half results, reported for the six months ended June 30, 2026. Revenue reached RMB 195.68 billion, up 10.10 percent from the same period in 2025, while second-quarter revenue rose 14.40 percent year over year to RMB 104.64 billion, according to FilingReader.

The same report showed a sharper profit split. Operating profit reached RMB 2.69 billion in the second quarter of 2026, compared with RMB 226.35 million in the second quarter of 2025, while adjusted net profit rose 69.00 percent to RMB 2.52 billion.

What does delivery efficiency mean?

For investors, the operational detail is important because Meituan is competing on order-level profitability rather than only on volume. Futunn reported that September food-delivery volume exceeded 73 million orders per day, with average profit of RMB 0.20-0.30 per order. October order volume and profitability were expected to improve.

That operating signal sits beside a material risk. The Jefferies summary cautioned that renewed rivalry could force higher subsidies, while losses in newer businesses could offset gains in the core delivery operation.

Next reporting date points to November

Yahoo Finance lists November 26, 2026 as Meituan's estimated next earnings date, giving the market a defined checkpoint for judging whether the second-quarter profit recovery is continuing. The next report will also show whether new initiatives remain a drag on group profitability.

Euro quote stays at EUR 8.75

Meituan was trading at EUR 8.75 at Lang & Schwarz at 1:42 p.m. CEST on October 14, 2026. On HKEX, the stock was last at HKD 77.10 at 4:08 p.m. HKT on October 14, 2026; market capitalization was HKD 475.8 billion on that date, and the 52-week range was HKD 63.65 to HKD 108.00.

The further course of trading is shown by the continuously updated real-time quote of Meituan stock.