bullish•PDD Holdings •02 Oct 2023 07:00
Pinduoduo (PDD US): Growth Cadence Matters
We believe the street still significantly underestimates PDD's growth outlook for 2H23 but fails to see a slowdown in FY24. Getting the growth...
bearish•PDD Holdings •11 Sep 2023 16:04
Pinduoduo: Short Seller, Grizzly Research Raises Spyware Concerns About TEMU
Grizzly Research published a short-seller report on PDD, primarily accusing the shopping app “TEMU” of being malware/spyware capable of...
bullish•PDD Holdings •31 Aug 2023 08:05
[PDD Holdings (PDD US, BUY, TP US$107)]: Raise TP for GMV, Take Rate, Temu and Kuaituantuan
1) GMV growth hasn’t been significantly impacted by the competiton; 2) take rate could maintain due to continuous optimization of ad products; and...
bullish•PDD Holdings •30 Aug 2023 18:02
Pinduoduo (PDD US): Don't Fight with PDD
PDD's blowout 2Q results cleared our concern around its growth slowdown. We expect US$9 billion net profit for FY23 and see 25% share price upside.
bullish•PDD Holdings •30 Aug 2023 01:25