According to the Zhongtong Financial APP, China Merchants Securities released a research report stating that it maintains a "shareholding" rating for Meituan-W (03690), bullish on its stable market position. It raised its revenue forecast for the fiscal year 2024-2026 by about 2%, and raised its adjusted net profit forecast by 4% to 15%, and raised the target price from HKD 151 to HKD 157.

The report stated that the company's second quarter revenue increased by 21% year-on-year to CNY 82 billion, exceeding expectations by 2%; the adjusted net profit increased by 78% year-on-year, exceeding expectations by 32%. For the third quarter, China Merchants Securities expects Meituan's revenue to grow by 20% year-on-year, and core local business income to increase by 18%. It also expects the delivery business to continue to improve efficiency, assist in the expansion of operating profit margin, and improve advertising monetization rate. The bank stated that the competition in the group's offline travel and hotel business is improving, and it is expected that the operating profit margin of this business will further increase in the second half of this year and next year.