According to the Wisdom Finance app, Futu Securities released a research report stating that it maintains a "buy" rating for Meituan-W (03690), with the target price raised by 5.6% from 142 HKD to 150 HKD. Meituan demonstrates execution power, with second-quarter revenue and adjusted profit exceeding expectations, with revenue increasing by 21% year-on-year to 82.3 billion RMB, and adjusted profit increasing by 13.66 billion RMB year-on-year, far surpassing the market forecast of 10.3 billion RMB and Futu's forecast of 9.1 billion RMB.

The bank believes that Meituan maintains strong order growth, with year-on-year growth exceeding 60% in the second quarter. Both annual users and active merchants have reached new highs. Local services are robust. Although customer preferences have changed, Futu believes that the company's introduction of value-for-money group-buying services on Meituan will help drive transaction volume on the customer side. Futu has raised Meituan's revenue forecasts for 2024 and 2025 to 334.5 billion RMB and 398.2 billion RMB, respectively, and adjusted profit forecasts have been raised by 16% and 18% to 40.6 billion RMB and 554 billion RMB.