Meituan's Food-Delivery Loss Could Peak in 3Q -- Market Talk

Dow Jones

10/10

1006 GMT - Meituan could continue to face earnings pressure near term before its outlook improves, HSBC analysts Charlene Liu and Ritchie Sun say. They expect losses in the food-delivery segment to peak in 3Q, but stronger-than-expected investment intensity suggests continued pressure as competition with key rival Alibaba drags on. "It will take Meituan's food delivery longer to return to profitability," they add. HSBC forecasts 3Q core local commerce revenue to fall 2% on year and operating losses to widen to CNY16 billion, with food-delivery operating losses reaching CNY20 billion. Still, Meituan's better operating efficiency versus its peers could keep losses relatively in check. HSBC has Meituan at buy but cuts its target price to HK$114.00 from HK$125.00. Shares close at HK$101.70. (jason.chau@wsj.com)

(END) Dow Jones Newswires

October 10, 2025 06:06 ET (10:06 GMT)

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They expect losses in the food-delivery segment to peak in 3Q, but stronger-than-expected investment intensity suggests continued pressure as competition with key rival Alibaba drags on. \"It will take Meituan's food delivery longer to return to profitability,\" they add. HSBC forecasts 3Q core local commerce revenue to fall 2% on year and operating losses to widen to CNY16 billion, with food-delivery operating losses reaching CNY20 billion. Still, Meituan's better operating efficiency versus its peers could keep losses relatively in check. HSBC has Meituan at buy but cuts its target price to HK$114.00 from HK$125.00. Shares close at HK$101.70. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2025 06:06 ET (10:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meituan's Food-Delivery Loss Could Peak in 3Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeituan's Food-Delivery Loss Could Peak in 3Q -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-10-10 18:06</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1006 GMT - Meituan could continue to face earnings pressure near term before its outlook improves, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts Charlene Liu and Ritchie Sun say. They expect losses in the food-delivery segment to peak in 3Q, but stronger-than-expected investment intensity suggests continued pressure as competition with key rival Alibaba drags on. \"It will take Meituan's food delivery longer to return to profitability,\" they add. HSBC forecasts 3Q core local commerce revenue to fall 2% on year and operating losses to widen to CNY16 billion, with food-delivery operating losses reaching CNY20 billion. Still, Meituan's better operating efficiency versus its peers could keep losses relatively in check. HSBC has Meituan at buy but cuts its target price to HK$114.00 from HK$125.00. Shares close at HK$101.70. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2025 06:06 ET (10:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1960683339.HKD","symbol_name":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574228751","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574228751","pubTimestamp":1760090760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1006 GMT - Meituan could continue to face earnings pressure near term before its outlook improves, HSBC analysts Charlene Liu and Ritchie Sun say. They expect losses in the food-delivery segment to peak in 3Q, but stronger-than-expected investment intensity suggests continued pressure as competition with key rival Alibaba drags on. \"It will take Meituan's food delivery longer to return to profitability,\" they add. HSBC forecasts 3Q core local commerce revenue to fall 2% on year and operating losses to widen to CNY16 billion, with food-delivery operating losses reaching CNY20 billion. Still, Meituan's better operating efficiency versus its peers could keep losses relatively in check. HSBC has Meituan at buy but cuts its target price to HK$114.00 from HK$125.00. Shares close at HK$101.70. 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They expect losses in the food-delivery segment to peak in 3Q, but stronger-than-expected investment intensity suggests continued pressure as competition with key rival Alibaba drags on. \"It will take Meituan's food delivery longer to return to profitability,\" they add. HSBC forecasts 3Q core local commerce revenue to fall 2% on year and operating losses to widen to CNY16 billion, with food-delivery operating losses reaching CNY20 billion. Still, Meituan's better operating efficiency versus its peers could keep losses relatively in check. HSBC has Meituan at buy but cuts its target price to HK$114.00 from HK$125.00. Shares close at HK$101.70. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2025 06:06 ET (10:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}