Movement Alert|Meitu Inc Rises 5.26% in Regular Trading, Consecutive Buybacks and WeChat AI Ecosystem Integration Boost Market Confidence

Market Focus
Jun 29

On June 29, Meitu Inc rose 5.26% in regular trading, trading at HKD 3.80, with turnover of HKD 101 million.

The rise was driven by two catalysts: consecutive large-scale share buybacks and the company's integration into WeChat's AI ecosystem. WeChat's native AI assistant Xiaowei recently launched gray testing, and Meitu Xiuxiu, as one of the first developers, has joined the WeChat AI Agent ecosystem, collaborating on portrait retouching, collage, and ID photo scenarios. This partnership is expected to leverage WeChat's super-platform for expanded user reach and monetization.

On the buyback front, Meitu repurchased 2.74 million shares on June 26 for HKD 9.9 million, 5.3 million shares on June 25 for HKD 19.5 million, and 7.8 million shares on June 24 for HKD 29.8 million, demonstrating sustained capital return commitment. Multiple institutions including Morgan Stanley, Jefferies, and UBS maintain Buy ratings, with target prices ranging from HKD 7 to HKD 8.4, citing accelerating AI-driven productivity monetization and strong overseas revenue growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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