Meituan earnings call: current stock price is undervalued, consider promoting $1 billion repurchase plan

Meituan CEO Wang Xing said on the third quarter earnings call that management is fully confident of the company’s long-term growth potential. At present, Meituan’s share price in the secondary market only reflects the valuation of a single take-out business, which does not conform to the intrinsic value of the company, and is considering promoting a repurchase plan worth $1 billion. “The company will make prudent decisions based on a combination of business inputs, cash position and market conditions.” Wang Xing said.

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