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ATRenew: A Turnaround Story With Material Increase in Profit Margins + Remaining Share Buyback
617 Views05 Dec 2022 23:08
SUMMARY
- ATRenew (RERE US) is one of the stocks in China that is starting to look very attractive after a sharp decline in its share price since its IPO.
- ATRenew has achieved noticeable improvements in operations and profitability in the recent quarter.
- Our base case valuation analysis suggests an implied market cap of US$720 million, representing an implied price of US$3.15 per share, representing an upside of 43% from current price.
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