3690:HKEXMeituan Class B analysis
Data as of Oct 20, 2026 - not real-time
- Latest price
- HK$76.10
- Risk: medium
- 5/10Medium risk
Summary
The moving-average structure behind Meituan is bearish at HKD 76.10, with short-term averages lagging the long-term ones. The last 30 days have lost 6.9%. With RSI at 56.1 the momentum picture is neutral, alongside a bullish MACD signal. Watch HKD 68.80 as support and HKD 77.90 as the nearer resistance level.
The shares look undervalued at 15.7 times earnings, though no sector average was available for comparison. Consensus targets land 45.9% above where the shares trade now. Revenue is growing at 14.4% on a -10.0% profit margin.
On a 1-10 scale the risk profile lands at 5 — moderate. With 30-day volatility of 31.1%, a beta of 0.37 and a maximum drawdown of 39.4%, position sizing matters here. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
This one splits by horizon — sell in the near term, hold further out, at 2/10 long-term conviction.
The shares look undervalued at 15.7 times earnings, though no sector average was available for comparison. Consensus targets land 45.9% above where the shares trade now. Revenue is growing at 14.4% on a -10.0% profit margin.
On a 1-10 scale the risk profile lands at 5 — moderate. With 30-day volatility of 31.1%, a beta of 0.37 and a maximum drawdown of 39.4%, position sizing matters here. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
This one splits by horizon — sell in the near term, hold further out, at 2/10 long-term conviction.
Top market events
- Meituan stock posted CNY 2.15 billion in Q2 net income, up 491 percent year over year. Revenue reach
- Second-quarter revenue reached RMB 104.64 billion, up 14.40 percent year over year. Meituan stock co
- Second-quarter revenue rose 14.40 percent to RMB 104.64 billion on August 28, 2026. Meituan stock co
Market outlook
Short term
< 1 yearCautious
Model confidence4/104 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 83.30
- MACD momentum is positive
Medium term
1–3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 83.30
- Analyst targets imply +45.9% versus the current price
Long term
> 3 yearsNeutral
Model confidence2/102 out of 10
Key factors
- Negative profit margin of -10.0%
- Analyst targets imply +45.9% versus the current price
- Negative return on equity of -21.8%
Key metrics
Financial health
Revenue Growth14.40%
Profit Margin-10.04%
P/E Ratio15.7
ROE-21.76%
ROA-8.07%
Debt/Equity56.65
P/B Ratio2.4
Op. Cash FlowHK$-26000486400
Free Cash FlowHK$-24107198464
Technical analysis
TrendBearish
RSI56.1
SupportHK$68.80
ResistanceHK$77.90
MA 20HK$72.46
MA 50HK$77.65
MA 200HK$83.30
MACDBullish
VolumeIncreasing
Fear & Greed Index89.93
Valuation
Target PriceHK$111.00
Upside/Downside45.86%
GradeUndervalued
TypeBlend
Risk assessment
Beta0.37
Volatility31.06%
Sector RiskHigh
Reg. RiskLow
Geo RiskHigh
Currency RiskHigh
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.