On June 11, Meitu Inc rose 5.27% in regular trading, trading at 4.92 HKD/share, with trading volume of approximately 83.07 million HKD.
On the news front, Meitu announced that its annual Image Festival will be held on June 17 in Xiamen under the theme of AI Image Team, with official posters suggesting up to 8 products to be unveiled or upgraded. The event has historically served as a key window for the company to showcase AI imaging innovation capabilities, having previously launched products such as Wink, Meitu Design Studio, and Kaipai.
Additionally, JPMorgan Chase increased its holdings by approximately 27.747 million shares on May 29 at an average price of 4.41 HKD per share, spending approximately 122 million HKD and raising its stake to 6.33%. Orient Securities maintained a Buy rating with a target price of 6.24 HKD, citing optimism on paid user growth and overseas ARPU improvement. Meanwhile, CLSA noted that Meitu's core imaging and design product business maintained solid growth in April to May, with productivity tools and overseas markets showing higher conversion rates.
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