Didi Global has become EBITDA positive and is expanding rapidly into Tier 3 cities where it has an technical and market share advantage. The company plans to list in Hong Kong in 2025.
What is covered in the Full Insight:
DiDi Global Overview
China's Ride-hailing Industry
Tier 3 Cities Expansion
Operational Leverage and Profitability
Upcoming Catalysts and Valuation
Boomeranged on Thu, 13 Feb 2025 12:02
Didi Global traded in the US under ticker (DIDIY) is showing a strong technical pattern as it crosses its long term resistance of $5. Price action after breaching this level should present solid upside as the company turned profitable in 2024. Substantial operating leverage provides substantial upside to projected EPS this year. The company has stated that it intends to list in HK this year.
SUMMARY
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