Refresh
Pinduoduo (PDD US): Deciphering Massive 1Q Beat
PDD’s massive 1Q beat didn’t answer the questions around its sustainability. We expect large fluctuations in earnings growth for the rest of 2023...
Eric Chen
273 Views
Pinduoduo (PDD US, BUY, TP US$95) Earnings Review: A Long Term Buy Amid Challenges in 2Q23
PDD remains a long run BUY as it’s a key beneficiary of the downward trend of Chinese and global consumption. We slightly raise our forecasts for...
Blue Lotus Research Institute
276 Views
PDD Holdings (PDD US) – Core Business Delivered Quality Growth
PDD Holdings (PDD) announced (23 May) 1Q23 results: revenue was up 58.2% YoY to RMB37.6bn, 15/17% ahead of our/Bloomberg consensus estimates
CMB International
222 Views
Pinduoduo: Margin Downtrend and Temu's De Minimis Risk
Declining margins raise valuation concerns, while addressing the De minimis loophole threatens the existence of Pinduoduo's cross-border platform,...
Oshadhi Kumarasiri
273 Views
Pinduoduo (PDD): 1Q23, Up by 58% YoY, 40% Upside
In 1Q23, total revenue grew by 58% YoY and the operating margin improved significantly. We believe the company benefit from its low-price products...
Ming Lu
249 Views