Meituan

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Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. It operates through the following segments: Food Delivery, In-store, Hotel, and Travel, and New Initiatives and Others. The Food Delivery segment provides food ordering and delivery services. The In-store, Hotel, and Travel segment offers merchants the ability to sell vouchers, coupons, tickets, and reservations on the firm's platform. The New Initiatives and Others segment includes revenue derived from cloud-based enterprise resource planning systems, integrated payment services, supply chain solutions to merchants, small and medium-sized merchants financing services, local transportation services, and other products and services. The company was founded by Xing Wang, Hui Wen Wang, and Rong Jun Mu in March 2010 and is headquartered in Beijing, China.

Meituan's Keeta expansion into overseas markets, particularly Hong Kong and Saudi Arabia, offers a new revenue stream amid China's economic slowdown. Leveraging big data and efficient delivery, Keeta has achieved significant market share in Hong Kong and promising growth in Saudi Arabia. Keeta's success in these regions highlights its potential for further expansion in the GCC and Southeast Asia, enhancing Meituan's global footprint.

Meituan: Riding On Keeta To Driver Overseas Growth

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Meituan's stock price has staged a strong comeback as investors embraced a risk-on sentiment. It soared to a high of H$176.5 on Monday, its highest swing since January 2023.

Meituan stock price has surged: technicals point to a 50% surge

China's Meituan is aiming to raise up to $2 billion in a 3.5- and 5-year dollar bond deal, according to two sources with direct knowledge of the matter and a term sheet seen by Reuters on Tuesday.

China's Meituan aims to raise up to $2 bln in dollar bond deal, sources say

Meituan's robust growth is driven by strong fundamentals and potential macroeconomic recovery, with significant improvements in profitability and EBITDA growth expected. The food delivery segment shows impressive 15% y/y growth despite China's poor macro backdrop, with Pinhaofan driving future order growth. My model suggests a 37% upside, with Meituan trading at 10x forward EBITDA.

Meituan: Sound Fundamentals Despite A Weak Macro Backdrop

Meituan (OTCPK:MPNGF) Q2 2024 Earnings Conference Call August 28, 2024 7:00 AM ET Company Participants Scarlett Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citigroup Kenneth Fong - UBS Ya Jiang - CITIC Securities Charlene Liu - HSBC Operator Thank you for standing by and welcome to the Meituan Second Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Miss Scarlett Xu, VP and Head of Capital Markets.

Meituan (MPNGF) Q2 2024 Earnings Call Transcript

Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy.

Chinese food delivery giant Meituan beats revenue estimates

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Meituan's revenue and normalized net income rose by +25% YoY and +36% YoY, respectively in Q1 2024, which exceeded expectations. But the company's cautious order volume guidance indicates that its top line growth could potentially slow in the quarters ahead. My evaluation of Meituan's performance, prospects, and valuation metrics suggests that a Hold rating for the stock is fair.

Meituan: Q1 Earnings Beat Overshadowed By Cautious Order Volume Guidance

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Meituan (OTCPK:MPNGF) Q1 2024 Earnings Conference Call June 6, 2024 7:00 AM ET Company Participants Sijia Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Kenneth Fong - UBS Alex Yao - JPMorgan Ya Jiang - CITIC Securities Alicia Yap - Citigroup Operator Thank you for standing by and welcome to the Meituan First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Scarlett Xu, VP and Head of Capital Markets.

Meituan (MPNGF) Q1 2024 Earnings Call Transcript

Meituan has suffered years of profitless growth in its new business portfolio. But management is finally righting the ship. With plenty of upside levers in the core business as well, Meituan stock is worth a revisit.

Meituan: Cutting Its Way To Profit Growth

Chinese stocks have been some of the most battered in the entire world. However, things are finally turning around for the Chinese economy and the stock market as well.

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Meituan (MPNGF) Q4 2023 Earnings Call Transcript

HONG KONG , March 22, 2024 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended December 31, 2023. Company Financial Highlights For the full year of 2023, our revenues increased by 25.8% to RMB276.7 billion from RMB220.0 billion in 2022.

Meituan Announces Financial Results for the Year Ended December 31, 2023

Meituan reported a profit on higher revenue, as Chinese consumption continued to recover and local businesses rebounded.

Meituan Posts Profit on Travel, Consumption Rebound

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.

China's Meituan has lost $82 billion in market cap on fears over rising competition, slowdown in food delivery business

China's largest delivery platform constantly impresses. New competition and macroeconomic headwinds are transient challenges. Share price is more than fair for a company of Meituan's scale and moat.

Meituan Deserves More Love Than It Gets

Meituan HK:3690, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results.

China's Meituan plans share buyback valued at up to $1 billion

Meituan (OTCPK:MPNGF) Q3 2023 Earnings Conference Call November 28, 2023 6:00 AM ET 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 Gary Yu - Morgan Stanley Thomas Chong - Jefferies Kenneth Fong - UBS Ya Jiang - CITIC Security Company Alex Yao - JP Morgan Ronald Keung - Goldman Sachs Operator Thank you for standing by, and welcome to the Meituan Third Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode.

Meituan (MPNGF) Q3 2023 Earnings Call Transcript

HONG KONG , Nov. 28, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for the three months ended September 30, 2023. Company Financial Highlights During the third quarter of 2023, our revenues increased by 22.1% to RMB76.5 billion from RMB62.6 billion for the same period of 2022.

Meituan Announces Financial Results for the Three Months Ended September 30, 2023

Douyin doesn't seem to have posed as big of a threat to Meituan as what was feared by the market initially. Meituan's financial performance for the short term is likely to be negatively affected by the unfavorable economic environment in China. I still have a Hold rating for MPNGF, as my view of Meituan's prospects is mixed.

Meituan: Competitive Threat And Economic Weakness In The Limelight

Comments from the food delivery giant's CEO comments could be a significant indication of the impact the country's economic pain on third-quarter earnings and beyond.

China's Meituan Warns of a Slowdown. It's an Early Sign of the Pain Ahead.

Meituan shares fell 5% Friday after CEO Wang Xing warned of a food delivery slowdown in the third quarter during the firm's latest earnings call on Thursday.

Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook

Meituan (OTCPK:MPNGF) Q2 2023 Earnings Conference Call August 24, 2023 7:00 AM ET Company Participants Scarlett Xu - Vice President and Head of Capital Markets Xing Wang - Chairman and Chief Executive Officer Shaohui Chen - Senior Vice President and Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Gary Yu - Morgan Stanley Thomas Chong - Jefferies Alicia Yap - Citigroup Yang Bai - CICC Operator Thank you for standing by, and welcome to the Meituan Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

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